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1518 W Calle Sur Street

Hobbs, NM 88240
  • $350,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 1002919
UPDATED: 57 min ago
$350,000
  • 3
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,584
    SQFT
  • $98
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1982
County:
Lea
Area:

School Ratings & Info

Description

Located in Hobbs, NM at 1518 W Calle Sur, this triplex is adjacent to a retail development with a Wal-mart, Lowes, Home Depot and a dozen restaurants as well as being embedded in an area of upscale single family residences.Hobbs as a community has made major investments in expanding their quality of living including the addition of the $62 million, 160,000 square foot community center known as the CORE Center for Recreation excellence.At the ask price of $350,000 and an average rent of $1,033, the measure of investment performance include a GRM of 9.90, a CAP rate of 6.40%, a price per unit of $116,667, a price per square foot of $97.66 and an after tax IRR of 18.10%. Take advantage of the growing boom from Permian Basin oil and the shortage of housing in the Hobbs Area

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IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2021-12-06T12:04:56.747.
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1518 W Calle Sur Street Hobbs, NM 88240

  • Price: $350,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 57 min ago
  • MLS #: 1002919
3
Beds
0
Baths
0
½ Baths
0.24
Acres
3,584
SQFT
$98
$/SQFT
1982
Built
Neighborhood:
Delnorte Heights
County:
Lea
Area:
490 - Lea
Property Description
Located in Hobbs, NM at 1518 W Calle Sur, this triplex is adjacent to a retail development with a Wal-mart, Lowes, Home Depot and a dozen restaurants as well as being embedded in an area of upscale single family residences.Hobbs as a community has made major investments in expanding their quality of living including the addition of the $62 million, 160,000 square foot community center known as the CORE Center for Recreation excellence.At the ask price of $350,000 and an average rent of $1,033, the measure of investment performance include a GRM of 9.90, a CAP rate of 6.40%, a price per unit of $116,667, a price per square foot of $97.66 and an after tax IRR of 18.10%. Take advantage of the growing boom from Permian Basin oil and the shortage of housing in the Hobbs Area
Exterior Features

Construction Materials Frame Exterior Features Landscaping Levels One Stories Total 1

Interior Features

Appliances Refrigerator Basement YN No Bathrooms Total Integer 2 Cooling Central Air Cooling YN Yes Electric None Flooring See Remarks Heating CentralForced Air Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 3584 Disclosures Ranm 2100 Disclosure Gross Income 35340 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 22405 Property Condition Resale Property Sub Type Triplex Property Sub Type Additional Triplex Tax Annual Amount 1466 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Zoning Description R-2

Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.


IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2021-12-06T12:04:56.747.
 
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Alburquerque NM, 87111