1315 E Clinton Street

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1315 E Clinton Street

Hobbs, NM 88240
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).

  • Multifamily apartment building available for sale in Hobbs, New Mexico.
  • The property at 1315 E Clinton Street contains three total units.
  • Hobbs functions as a key economic hub for the Permian Basin.
  • This building provides workforce housing within a regional energy market.
  • The site is positioned for investors seeking stable multi-family assets.

What's Special

Hobbs serves as a central hub within the Permian Basin, a region defined by its significant contributions to the energy industry and consistent economic activity. This multifamily apartment building at 1315 E Clinton Street sits within this industrial market, providing essential housing infrastructure for the local workforce. The property comprises three individual units, offering a straightforward addition to an existing rental portfolio. Given the ongoing demand for workforce housing in southeastern New Mexico, small-scale apartment buildings such as this remain a staple for investors looking to establish a foothold in a supply-constrained environment. The site offers functional space for tenants requiring proximity to local employment centers and regional transit routes. This asset represents a practical investment in the Hobbs submarket, suitable for those seeking a manageable multi-family holding in a steady, energy-driven economy.

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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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