212 S Shipp St, Hobbs, NM 88240

Property Description

This 12-unit multifamily property located at 212 S Shipp Street in Hobbs, New Mexico offers a fully stabilized investment opportunity with 100% occupancy and consistent in-place income. The property has demonstrated reliable performance with $96,000 in annual rental income and strong tenant demand in the Hobbs market, making it an attractive option for investors seeking immediate cash flow. Financial Overview Annual Rental Income: $96,000 Net Operating Income: ~$67,575 (before debt service) Occupancy: 100% Investment Highlights Fully occupied asset with stable tenant base Consistent income with no current vacancy Located in Hobbs with strong rental demand tied to the energy sector Simple, easy-to-manage property Owner financing available, providing flexible acquisition options Offered at $975,000 (~$81,250 per unit), this is a stabilized multifamily asset with immediate cash flow and flexible financing options in one of Southeastern New Mexico's strongest rental markets.