1515 E Scharbauer Street, Hobbs, NM 88240

Hobbs
Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
1515 E Scharbauer Street,Hobbs, NM 88240
$3,300,000
  • 6 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: matthew smith
Office: found real estate
MLS#:20261476
Source:NM_RANM

Price summary

  • Price:$3,300,000

About this home

Sunrise Apartments | 32-Unit Multifamily Investment | Hobbs, NM Sunrise Apartments is a 32-unit multifamily community located at 1515 E. Scharbauer in Hobbs, New Mexico, with convenient access and visibility near Seminole Highway, one of the area’s primary corridors. The property offers strong in-place income, a desirable unit mix, and consistent rental demand in the Hobbs market. The community consists of 32 units with a unit mix that includes larger floorplans attractive to families and long-term tenants. Unit Mix 16 – 3 Bedroom units – Market rent ~$1,300 8 – 2 Bedroom units – Market rent ~$1,200 8 – 1 Bedroom units – Market rent ~$1,100 Income & Performance Gross Potential Rent: $470,400 annually Actual Rental Income (2025): $440,880 P&L Sunrise 2025 Average Monthly Income: ~$36,740 Actual Economic Vacancy: ~$29,520 (~6.3%) Projected Vacancy (Underwritten): ~7% The property features several amenities including an on-site leasing office, community swimming pool, and shared...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:20261476
  • Added:108 day(s) ago
  • Updated:June 29, 2026 at 03:24 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4

Structure and exterior

  • Lot Features:Irregular Lot

Finances and disclosures

  • Price:$3,300,000
  • Tax amount:$37,946 (2025)

Features and amenities

  • Laundry features:Laundry Yes
  • Amenities:Audio/Video Surveillance

New listings near 1515 E Scharbauer Street