For Sale
$270,000

203/207 Clinton St Hobbs, NM 88240

Four-unit, fully leased property in Hobbs, NM.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a fully leased four-unit multi-family property located at 203/207 W Clinton Street, Hobbs, New Mexico, 88240. The property, built in 1950, sits on a substantial 15,680 square foot lot. Currently generating consistent income, all four units are occupied by established tenants under existing leases, providing a turnkey investment experience for the new owner. This presents a stable and reliable cash flow stream from day one. The property's location in Hobbs, Lea County, New Mexico, offers a desirable setting for tenants. The asking price for this prime investment is $270,000. This multi-family property represents a strong addition to any investor's portfolio, offering immediate returns and long-term potential. The property's solid construction and consistent occupancy history make it an attractive option for those seeking a low-maintenance, high-yield investment. The property is classified as Special Purpose.

Highlights

  • $270,000 asking price.
  • Special purpose property with four units.
  • Built in 1950.
  • 15,680 square foot lot.
  • Located at 203/207 W Clinton Street, Hobbs, NM 88240.
  • Fully leased, providing immediate cash flow.

Property Details for 203/207 Clinton St

Property type
Specialty properties
Year Built
1950
Units
4

Location Insight

City
Hobbs
County
Lea
State
New Mexico
Latitude
32.7069107
Longitude
-103.1378396

FAQs

What type of property is this?
Specialty property - Four-unit, fully leased property in Hobbs, NM.
Where is the specialty property located?
The property is located at 203/207 Clinton St Hobbs, NM.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: $270,000 asking price.; Special purpose property with four units.; Built in 1950.
How can I contact the broker?
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203/207 Clinton St
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