212 S Shipp Street, Hobbs, NM 88240

Hobbs
Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
212 S Shipp Street,Hobbs, NM 88240
$975,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: matthew smith
Office: found real estate
MLS#:20261733
Source:NM_RANM

Price summary

  • Price:$975,000

About this home

This 12-unit multifamily property located at 212 S Shipp Street in Hobbs, New Mexico offers a fully stabilized investment opportunity with 100% occupancy and consistent in-place income. The property has demonstrated reliable performance with $96,000 in annual rental income and strong tenant demand in the Hobbs market, making it an attractive option for investors seeking immediate cash flow. Financial Overview Annual Rental Income: $96,000 Net Operating Income: ~$67,575 (before debt service) Occupancy: 100% Investment Highlights Fully occupied asset with stable tenant base Consistent income with no current vacancy Located in Hobbs with strong rental demand tied to the energy sector Simple, easy-to-manage property Owner financing available, providing flexible acquisition options Offered at $975,000 (~$81,250 per unit), this is a stabilized multifamily asset with immediate cash flow and flexible financing options in one of Southeastern New Mexico’s strongest rental markets.

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Home facts

  • Year built:1960
  • Listing ID #:20261733
  • Added:48 day(s) ago
  • Updated:May 13, 2026 at 02:52 PM

Structure and exterior

  • Year built:1960

Finances and disclosures

  • Price:$975,000
  • Tax amount:$8,771 (2025)

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