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Property profile & analytics
OFF-MARKET
Specialty properties

2201 Norris St Clovis, NM 88101

Built 1979
Property ID
US61-0446796
Property summary
AI-generated overview

This exceptional investment opportunity presents a four-unit quadriplex located at 2201 N Norris Street in Clovis, New Mexico, 88101. Offered at $475,000, this property boasts significant value-add potential and ample space for future development. Built in 1979, the property comprises four individual units, each conveniently equipped with its own private garage. One unit features a unique loft space, adding to its appeal and rental potential. Market analysis indicates immediate opportunities to increase rental income on each unit. A brand new roof will be installed before closing, eliminating a significant expense for the new owner. The property's prime location in Clovis, Curry County, New Mexico, ensures strong tenant demand and long-term investment stability. This quadriplex represents a compelling investment for those seeking a property with immediate income generation and substantial upside potential. The property's address is precisely 2201 N Norris Street, Clovis, NM 88101, with coordinates 34.4204375 latitude and -103.1781612 longitude.

Property profile
Verified
Property type Specialty properties
Year built 1979
UPID US61-0446796
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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