2516 E 14th Street

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2516 E 14th Street

Clovis, NM 88101
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Three-unit multifamily apartment building located in Clovis
  • Asset situated at 2516 E 14th Street in New Mexico
  • Well positioned within a stable regional residential submarket
  • Suitable property for small-scale long-term rental investment strategies
  • Provides immediate exposure to the local Clovis housing sector

What's Special

Investors seeking to expand their residential portfolios will find this three-unit multifamily asset on East 14th Street in Clovis, New Mexico, a practical acquisition. The property provides a scalable entry point into the local apartment market, which serves the housing needs of residents in this established High Plains community. Its size allows for efficient management and oversight for both experienced investors and those newer to the sector. Located within the Clovis micropolitan area, the site maintains access to the city's essential services and regional economic anchors, including the nearby Cannon Air Force Base and significant agricultural operations. This apartment building is suited for long-term rental income strategies in a stable suburban environment. The configuration of the units offers potential for consistent cash flow and steady occupancy levels typical of this regional market.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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