NOT LISTED FOR SALE

1028 E Bender Blvd Unit L Hobbs, NM 88240

2 Beds
1 Bath
18,200 Sq Ft
1.73 Acres

Last Sold August 12, 2023

210 Days on Market

Highlights

  • Refrigerated Cooling System
  • Heat Pump System
  • Property has 1 Level
  • Vinyl Flooring

About This Home

As of August 2023

NM Apartment Advisors Inc. and Bobby Shaw Real are excited to bring to this 26 unit community to market. Located in the heart of New Mexico's energy plex and at 1028 East Bender, Hobbs, NM, this apartment investment is a short drive to Hobbs entertainment, retail, grocery stores, and dozens of restaurants.The property features 26 individual buildings with two bedroom, one bathroom units and is an extreme value add opportunity. Full inspections and renovation quotes are available to qualified investors who complete the online confidentially agreement This investment / redevelopment opportunity is not for the first time investor or the faint of heart - it is going to take a lot of money and hands on effort to get the property headed in the right direction, but the potential arbitr

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 11/28/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,224

Year Built

  • Built in 1980

Lot Details

  • 1.73 Acre Lot
  • Additional Parcels

Parking

  • 30 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 18,200 Sq Ft Home
  • Property has 1 Level
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Refrigerated Cooling System
  • Heat Pump System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 4226106942495

Community Details

Overview

  • 26 Units
  • 18,200 Sq Ft Building
  • Lot 1 26 Subdivision

Building Details

  • Operating Expense $40,003
  • Gross Income $116,491

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,224

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: from Dal Paso and Bender, east to the property.
  • Listing Contract Date: 2022-11-28
  • Year Built: 1980
  • Lot Size Acres: 1.73
  • Subdivision Name: Lot 1-26
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 41 - 50
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: Vinyl
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 26
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 18200.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame
  • Property Condition: Resale

Garage/Parking

  • Total Parking Spaces: 30.0

Utilities

  • Cooling: Refrigerated
  • Electric: None
  • Heating: Electric, Heat Pump
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 75359.0
  • Additional Parcels: Yes
  • Parcel #: 4226106942495
  • Zoning Description: R-2

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 26
  • Annual Gross Income: 116491.0
  • Annual Operating Expense: 40003.0

Tax Info

  • Tax Annual Amount: 1224.0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2023 08/12/23 Sold -- -- --
06/27/2023 06/27/23 Pending -- -- --
04/07/2023 04/07/23 Price Changed $750,000 0.0% $41 / Sq Ft
04/07/2023 04/07/23 For Sale $750,000 +6.4% $41 / Sq Ft
01/20/2023 01/20/23 Pending -- -- --
11/28/2022 11/28/22 For Sale $704,572 -- $39 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Todd Clarke

    Seller's Agent in 2023

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    225 Total Sales

    Todd Clarke
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Map

Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 1026332

Southwest MLS (Greater Albuquerque Association of REALTORS®)
New Mexico Lea County Hobbs 88240

1028 E Bender Blvd Unit L, Hobbs, NM

This home is located at 1028 E Bender Blvd Unit L, Hobbs, NM 88240 since 28 November 2022. This property was built in 1980. 1028 E Bender Blvd Unit L is a home located in Lea County with nearby schools including Coronado Elementary School, Highland Middle School, and Hobbs Freshman High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwest MLS (Greater Albuquerque Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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