NOT LISTED FOR SALE

2000 E Arbors Ave Hobbs, NM 88240

Estimated Value: $109,000 - $578,000

5 Beds
3 Baths
3,936 Sq Ft
$112/Sq Ft Est. Value

Last Sold August 25, 2023

Current estimated payment $2,723/month

2 Days on Market

Highlights

  • Attic
  • No HOA
  • Laundry Room
  • Private Yard
  • Covered Patio or Porch
  • Tile Flooring

About This Home

As of August 2023

Great investment opportunity at the Arbors in Hobbs. This fourplex has two two bedroom, one bath units with a one car garage and two three bedroom, two bath units with a two car garage. All units are occupied with great rents. The units include all appliances. Hard to find investment property in Hobbs with a 10% cap rate!

Last Agent to Sell the Property

Matthew Smith

MVMT REALESTATE License #50520 Listed on: 06/14/2023

Last Buyer's Agent

Matthew Smith

MVMT REALESTATE License #50520 Listed on: 06/14/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,559

Year Built

  • Built in 2012

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 211' x 65'
  • Fenced
  • Landscaped
  • Private Yard

Home Design

  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,936 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Attic

Kitchen

  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener
  • 6 Open Parking Spaces

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Connected
  • Individual Gas Meter
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Drip Irrigation
  • Covered Patio or Porch

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4980104154011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,559

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Year Built: 2012
  • Reso Property Sub Type: Multi Unit 2-4
  • Prop. Type: Residential Income
  • ResoLaundryFeatures: Laundry-Individual
  • ResoLotFeatures: Landscaped, Yard
  • ResoSpecialListingConditions: Arm Length Sale (Unrelated Parti
  • Architectural Style: Ranch
  • Reso Flooring: Carpet, Tile, Vinyl
  • Garage Yn: Yes
  • Reso Interior Features: Attic, Ceiling Fan(s)
  • Unit Levels: One
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Disposal, Range Hood, Free-Standing Range, Refrigerator, Washer, Gas Water Heater, Tankless Water Heater
  • Total Bedrooms: 5
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Fencing: Fence
  • Acres: 0.3149
  • Construction Type: Stucco
  • Exterior Features: Drip Irrigation, Sidewalk
  • Foundation Details: Slab
  • Patio And Porch Features: Patio Covered

Garage/Parking

  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: Garage Door Opener, Garage

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Garbage, Cable Connected, TV-Cable
  • Electric: Meters(Electric Separate)
  • Gas: Meters(Gas Separate)
  • Cooling: Electric, Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • HeatingYN: Yes
  • Water Source: Water-City, Meters(Water Separate)

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 211' x 65'
  • Lot Size Sq Ft: 13715
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 4980104154011
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Building Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 4558.51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2025
Sold by
Lathram Jordan
Bought by
Arbors Hobbs Llc
Current Estimated Value
$441,585

Purchase Details

Listed on
Jun 14, 2023
Closed on
Aug 25, 2023
Sold by
Waddell Gail O
Bought by
Lathram Jordan
Seller's Agent
Matthew Smith
MVMT REALESTATE
Buyer's Agent
Matthew Smith
MVMT REALESTATE
List Price
$500,000
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.72%
Original Mortgage
$375,000
Interest Rate
6.96%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 30, 2012
Sold by
R J K Properties L L C
Bought by
Cahill Gail O
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Arbors Hobbs Llc -- First American Title Insurance
Lathram Jordan -- First American Title Insurance
Cahill Gail O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lathram Jordan $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold -- -- --
06/16/2023 06/16/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $500,000 -- $127 / Sq Ft
Source: New Mexico MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,571 $167,255 $13,333 $153,922
2023 $4,176 $150,726 $12,360 $138,366
2022 $4,002 $150,726 $12,360 $138,366
2021 $3,992 $146,336 $12,000 $134,336
2020 $3,932 $146,336 $12,000 $134,336
2019 $3,865 $146,336 $12,000 $134,336
2018 $3,822 $146,336 $12,000 $134,336
2017 $4,042 $439,008 $36,000 $403,008
2016 $4,206 $439,008 $36,000 $403,008
2015 $3,854 $439,008 $36,000 $403,008
2014 -- $439,008 $36,000 $403,008
Source: Public Records

Agents Affiliated with this Home

  • Matthew Smith

    Seller's Agent in 2023

    Matthew Smith

    MVMT REALESTATE

    (575) 441-3880

    113 Total Sales

    Matthew Smith
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Map

Source: New Mexico MLS

MLS Number: 20234645

New Mexico MLS

APN: 4980104154011

New Mexico Lea County Hobbs 88240

2000 E Arbors Ave, Hobbs, NM

This home is located at 2000 E Arbors Ave, Hobbs, NM 88240 since 14 June 2023 and is currently estimated at $441,585, approximately $112 per square foot. This property was built in 2012. 2000 E Arbors Ave 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.

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