1307 Snyder StHobbs, NM 88240

Property Details for 1307 Snyder St

Year built

1950

Lot size

2.89 AC

Property type

Mobile home & RV parks

Property subtype

Land

Description

This exceptional investment opportunity presents a well-established 8-unit RV park situated on a spacious 2.89-acre lot in Hobbs, New Mexico. The property, located at 1307 E Snyder Street, boasts a prime location within the dynamic Permian Basin, a region experiencing significant economic growth. Built in 1950, the park offers a consistent income stream from its existing units. The substantial lot size provides significant potential for expansion, allowing for future development and increased revenue generation. This presents a unique chance to capitalize on the thriving Permian Basin market. The property is classified as both multifamily and commercial, offering versatility and investment flexibility. The asking price for this income-producing asset is $379,000. This turnkey operation is ideal for investors seeking a stable return with substantial upside potential in a high-demand area. The property's location in Lea County, New Mexico, zip code 88240, ensures easy access to local amenities and the broader Permian Basin infrastructure. This is a rare opportunity to acquire a proven income-generating property with significant room for expansion in a rapidly growing market. Don't miss this chance to secure a valuable asset in a high-growth region.

Location Insight

City

Hobbs

County

Lea

State

New Mexico

Latitude

32.7038

Longitude

-103.122

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