Bought with SWMLS
$331,500
$350,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
1518 W Calle Sur ST Hobbs, NM 88240
3 Beds
2 Baths
3,584 SqFt
Key Details
Sold Price $331,500
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,584 sqft
Price per Sqft $92
Subdivision Delnorte Heights
MLS Listing ID 1002919
Sold Date 04/14/22
Bedrooms 3
Construction Status Resale
HOA Y/N No
Year Built 1982
Annual Tax Amount $1,465
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions Public Records
Property Sub-Type Triplex
Property Description
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
Location
State NM
County Lea
Area 490 - Lea
Interior
Heating Central, Forced Air
Cooling Central Air
Flooring See Remarks
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 4 000 708 650 001
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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