1200 E Broadway St, Hobbs, NM 88240

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Luke I.

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Suite Space Type Pricing Size
--- Multi-Family Space For sale: Contact for Pricing

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Building Details:

1200 E Broadway St is amulti-family property for lease in Hobbs, NM. The property currently has 1 multi-family space for lease and is marketed by NAI 1st Valley.

Property Description
- SALE PRICE: $2,490,000
- CAP RATE: 8.9%
- TOTAL UNITS: 45 total
Seven (7) Four-plexes
Seven (7) Duplexes
Two (2) Single Family Homes
One Office (home) can be rented
- COUNTY: Lea County

Hobbs is located in Lea County in the southeast corner of
New Mexico. As of 2011,the population of Hobbs was 43,405
people. Sitting on some of the richest oil deposits within the
Permian Basin, Lea County and other areas within the larger
region are experiencing an energy boom once again. As a
result, this has created a severe housing shortage in the area,
Included in this sale is additional acreage to the south of sunrise
Homes where extra units could be built.

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