2624 E 14th Street

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2624 E 14th Street

Clovis, NM 88101
Asking Price
$370K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for sale in Clovis, New Mexico
  • Asset features a two-unit configuration for residential leasing potential
  • Located at 2624 E 14th Street with an asking price of $370,000
  • Property is situated in the 88101 zip code area
  • Ideal addition for portfolios focused on small-scale residential assets

What's Special

This multifamily property at 2624 E 14th Street in Clovis, New Mexico, is available for sale and presents a practical acquisition for investors looking to expand their residential holdings. Comprising two units, this apartment building provides a straightforward opportunity to enter the local rental market. Clovis functions as a regional economic hub supported by the nearby Cannon Air Force Base and a steady agricultural sector, drawing a consistent population of personnel and support staff who require stable housing options. Small-scale multifamily assets in this submarket often cater to long-term residents seeking reliable accommodations in proximity to major employment corridors. The modest scale of this building allows for manageable oversight and operational efficiency. Investors can utilize this asset to secure a foothold in a growing market that maintains a steady demand for residential inventory, suitable for either a hands-on owner-operator or an established portfolio manager looking for an additional income-producing stream.

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NOI
$80,000
Cap Rate
21.62%
DSCR
3.64
Strong
Cash-on-Cash
52.28%
Monthly Payment
$1,830.558
Annual Cash Flow
$58,033.303

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