Well established apartment complex in Hobbs that is filling up fast. Rents are increasing and this is a great opportunity for the investors. Lots of upside with a great return possible . Projected rent pro forma as a 10 cap. Hobbs is growing in the oilfield again and rents are rising. Class C complex that could be turned into a class B with increasing returns . One seller is a licensed real estate agent.
Listing courtesy of DONNIE ROBERTS, REALTORS LLC. Selling Office: .