212 S Shipp Street
Hobbs, NM 88240
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Bed
0
Bath
17,500Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Heating: None
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Building Information
Year Built: 1960 Private Pool: No
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Lot Information
Lot Dimensions: 125' x 140' Main Square Feet: 17500 Square Feet Lot Size Acres: 0.4017 Lot Size Square Feet: 17500
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Listing Price Information
Listing Price: $975000
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Tax Information
Parcel Number: 4000147370001 Tax Year: 2025 Annual Tax: $8771.44 Tax Legal Desc: Lots 13-18, Block 50, Orig Hobbs
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1515 E Scharbauer Street, Hobbs, NM, 88240 | $3,300,000 | 6 | 4 | -- | |
| 703 W Calle Sur St, Hobbs, NM, 88240 | $350,000 | -- | -- | -- | |
| 210 W Dunnam Street, Hobbs, NM, 88240 | $1,200,000 | 1 | 1 | 21,000 | 21,000 SqFt |
Similar Multifamily To 212 S Shipp Street
Nearby For Sale
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ByOwner last updated this listing 06/20/2026 @ 19:53
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