901 E Michigan, Hobbs, NM 88240

$1,500,000
Sold Price
$1,500,000
List Price
$1,795,000
Closing Date
Sep 04, 2018
MLS#
20181099
Year Built
1962

Property Description

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.

Additional Information

Construction
Brick, Concrete, Frame
Roof
Flat, Pitched
Heating
Gas

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of DONNIE ROBERTS, REALTORS LLC. Selling Office: .