1 of 10

Want to see similar homes for sale?

1518 W Calle Sur Street

Hobbs, NM 88240

3 beds
2 baths
3,584 sqft
10,585 sqft lot
$92 per sqft
1982 build
– on site

More homes

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

Listing courtesy of SWMLS / NM Apartment Advisors, Inc.

Last checked: Checking… • Last updated Nov 21, 2024 •

MLS# 1002919 —

The Building

Year Built:

1982
Builder Name:

Unknown
New Construction:

false
Construction Materials:

Brick,Frame
Stories:

1
Stories Total:

1
Levels:

One
Basement:

false
Exterior Features:

Landscaping
Building Area Total:

3584.0
Building Area Source:

Appraiser

Interior

Flooring:

SeeRemarks

Room Dimensions

Living Area:

3584.0
Living Area Source:

Appraiser

Location

Directions:

From ABQ - east to Clines Corners, south on 285 to Hobbs
Latitude:

32.743991
Longitude:

-103.155306

The Property

Parcel Number:

4 000 708 650 001
Property Type:

ResidentialIncome
Property Subtype:

Triplex
Property Subtype Additional:

Triplex
Property Condition:

Resale
Zoning Description:

R-2
Lot Size Acres:

0.24
Lot Dimensions Source:

PublicRecords
Lot Size SqFt:

10585.08
Lot Size Source:

PublicRecords
Additional Parcels:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

1465.71
Tax Legal Description:

Lot 7, Block 1, Unit 6, DelNorte Heights

Beds

Bedrooms Total:

3

Baths

Total Baths:

2

Heating & Cooling

Heating:

Central,ForcedAir
Heating:

true
Cooling:

CentralAir
Cooling:

true

Utilities

Utilities:

ElectricityConnected,NaturalGasConnected,PhoneConnected,SewerConnected,WaterConnected
Electric:

None

Appliances

Appliances:

Refrigerator

The Community

Subdivision Name:

DelNorte Heights

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
4/14/22 Apr 14, 2022	Sold	SWMLS	$331,500

Multifamily Sold on 4/14/2022

$331,500

Listing provided by broker:

Todd Clarke

NM Apartment Advisors, Inc.

Newest listings in Hobbs, NM

Similar sold homes

Listing Courtesy of: SWMLS and NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

1518 W Calle Sur Street Hobbs, NM 88240