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1518 W Calle Sur

Hobbs, NM 88240
  • $350,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 20215543
UPDATED: 54 min ago
$350,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,584
    SQFT
  • $98
    $/SQFT
Type:
Multi-Family
Built:
1983
County:
Lea

School Ratings & Info

Description

Rare opportunity to purchase a owner occupant style triplex in a new development area in the #2 energy producing market in the country. 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 to serve NMs energyplex.

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© 2021 REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of the New Mexico MLS. Real Estate listings held by brokers other than Rafter Cross Realty are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. Data last updated: 2021-12-01T10:14:59.863.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional service and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. MAKE NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. REALTORS® ASSOCIATION OF NEW MEXICO AND NEW MEXICO MLS, INC. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the New Mexico Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
www.raftercrossrealty.com/homes/122389815
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1518 W Calle Sur Hobbs, NM 88240

  • Price: $350,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 54 min ago
  • MLS #: 20215543
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,584
SQFT
$98
$/SQFT
1983
Built
Neighborhood:
Fiesta/Jicarilla (N), Dal Paso (
County:
Lea
Area:
Fiesta/Jicarilla (N), Dal Paso (
Property Description
Rare opportunity to purchase a owner occupant style triplex in a new development area in the #2 energy producing market in the country. 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 to serve NMs energyplex.
Exterior Features

Construction Frame

Interior Features

2 Bed Bedrooms 1 2 Bed Number Units 2 3 Bed Bedrooms 2 3 Bed Number Units 1 Appliances Include Refrigerator Laundry YN Yes

Property Features

Court Approval No Home Owner Association No Internet YN Yes Lot Land Size .24 Multifamily Type Multi Unit 2-4 Owner Financing No Property Disclosure No Public Improvement Dist No Reo Bank Owned No Sale Or Rent For Sale Short Sale No Sq Ft Source Owner Tax Year 2021 Third Party Approval No

Listing courtesy of N.M. Apartments, Inc..
© 2021 REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of the New Mexico MLS. Real Estate listings held by brokers other than Rafter Cross Realty are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. Data last updated: 2021-12-01T10:14:59.863.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional service and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. MAKE NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. REALTORS® ASSOCIATION OF NEW MEXICO AND NEW MEXICO MLS, INC. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the New Mexico Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
 
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Rafter Cross Realty
822 South Main Street, P.O. Box 8
Lovington NM, 88260