**MOBILE HOME PARK WITH EXPANSION POTENTIAL IN THE HEART OF THE PERMIAN BASIN** Invest in prime, income-producing property located in the thriving Permian Basin oil area. This mobile home park offers a steady stream of revenue and includes 2 additional acres, providing ample space for future development and growth! Don't miss out on this solid income stream with potential for significant future growth, making it a rare find in the booming Permian Basin region! Call Today for all of the details and make your investing dreams come true.
This 12-unit community is nestled in the heart of Hobbs, located at 2315 N Jefferson and in close proximity to major employers and retail opportunities.Hobbs is a community has made major investments in expanding their quality of living including the addition of the $62 million, 160,000 square foot community center known as the CORE Center for Recreation excellence.Did you know NM is #2 in the country for oil production? Or that this market (Hobbs) is severely underserved for new housing? If you want to help solve the problem - plan to attend the Hobbs, NM Housing Summit on August 20th, 2024 - info and registration (ask broker)Based on an ask price of $840,000 the current avg rents of $594 per month, the property's measures of investment performance include a 9.82 GRM, 6.8% ca
Have a look at the beautifully remodeled Loving, NM Jr High School located in the Permian Basin & just 2 blocks from the Loving schools. This facility can be your next business location with offices, training facility & employee housing or a multi-family, flex-use investment! Fully furnished & 100% occupied 1 to 3 bdrm apts with 3500+/- sqf office & training/conf room, basketball gym & game rooms, laundry facility, flats 10 -14 have access to fenced courtyard. The original wood shop has been exquisitely remodeled into a beautifully natural lit 2 bdrm 2 bath Owner's residence using the original metal home-economic cabinets in the spacious kitchen & laundry room; artfully touched celling accents using the gym bleacher wood, an oversized heated/cooled garage/workshop with 220 power & much more. All flats have individual exterior entrances, refrigerated AC units, 5 units have a washer/dryer.
The median home value in Hobbs, NM is $144,900. This is higher than the county median home value of $134,200. The national median home value is $219,700. The average price of homes sold in Hobbs, NM is $144,900. Approximately 52.77% of Hobbs homes are owned, compared to 31.81% rented, while 15.42% are vacant. Hobbs real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Hobbs real estate agent to arrange a tour today!
Hobbs, New Mexico 88240 has a population of 37,427. Hobbs 88240 is less family-centric than the surrounding county with 37.44% of the households containing married families with children. The county average for households married with children is 38.61%.
The median household income in Hobbs, New Mexico 88240 is $57,906. The median household income for the surrounding county is $59,285 compared to the national median of $57,652. The median age of people living in Hobbs 88240 is 31.1 years.
The average high temperature in July is 92.4 degrees, with an average low temperature in January of 29.6 degrees. The average rainfall is approximately 16.4 inches per year, with 0.8 inches of snow per year.