2201 Norris St, Clovis, NM 88101
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.