Bought with SWMLS
$750,000
$750,000
For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
18,200 SqFt
SOLD DATE : 08/12/2023
Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 18,200 sqft
Price per Sqft $41
Subdivision Lot 1-26
MLS Listing ID 1026332
Sold Date 08/12/23
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1980
Annual Tax Amount $1,224
Lot Size 1.730 Acres
Acres 1.73
Lot Dimensions Public Records
Property Description
NM Apartment Advisors Inc. and Bobby Shaw Real are excited to bring to this 26 unit community to market. Located in the heart of New Mexico's energy plex and at 1028 East Bender, Hobbs, NM, this apartment investment is a short drive to Hobbs entertainment, retail, grocery stores, and dozens of restaurants.The property features 26 individual buildings with two bedroom, one bathroom units and is an extreme value add opportunity. Full inspections and renovation quotes are available to qualified investors who complete the online confidentially agreement This investment / redevelopment opportunity is not for the first time investor or the faint of heart - it is going to take a lot of money and hands on effort to get the property headed in the right direction, but the potential arbitr
Location
State NM
County Lea
Area 490 - Lea
Interior
Heating Electric, Heat Pump
Cooling Refrigerated
Flooring Vinyl
Fireplace No
Appliance Refrigerator
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Accessibility None
Total Parking Spaces 30
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 4226106942495
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Contract
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP