Seller's Agent in 2018
Donnie Roberts
DONNIE ROBERTS, REALTORS LLC
(940) 399-0983
24 Total Sales
Estimated Value: $167,000
Studio
--
Bath
--
Sq Ft
2.7
Acres Lot
Highlights
- Traditional Architecture
- Refrigerated Cooling System
- Guest Parking
- No HOA
- Tile Flooring
- Fenced
About This Home
As of September 2018Well established apartment complex in Hobbs that is filling up fast. Rents are increasing and this is a great opportunity for the investors. Lots of upside with a great return possible . Projected rent pro forma as a 10 cap. Hobbs is growing in the oilfield again and rents are rising. Class C complex that could be turned into a class B with increasing returns . One seller is a licensed real estate agent.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- Fenced
- Irregular Lot
Home Design
- Traditional Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Frame Construction
- Pitched Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 1-Story Property
Kitchen
- Oven
- Free-Standing Range
Flooring
- Carpet
- Laminate
- Tile
Parking
- Covered Parking
- Guest Parking
Utilities
- Refrigerated Cooling System
- Central Air
- Heating System Uses Natural Gas
- Separate Meters
- Individual Gas Meter
- Master Water Meter
Community Details
- No Home Owners Association
- 44 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 30, 2026
Sold by
Grant Income Properties Llc
Bought by
Cielo Vista Apartments Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,466,200
Outstanding Balance
$4,461,930
Interest Rate
6.21%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
Mar 9, 2018
Closed on
Aug 25, 2018
Sold by
Miles Dean A and Miles Cynthia G
Bought by
Grant Income Properties Llc
Seller's Agent
Donnie Roberts
DONNIE ROBERTS, REALTORS LLC
Buyer's Agent
Donnie Roberts
DONNIE ROBERTS, REALTORS LLC
List Price
$1,795,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Interest Rate
5.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 11, 2013
Sold by
Cielo Vista Apartments Llc
Bought by
Waddell Paul and Miles Dean A
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Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cielo Vista Apartments Llc | -- | First American Title Insurance | |
| Grant Income Properties Llc | -- | None Available | |
| Waddell Paul | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cielo Vista Apartments Llc | $4,466,200 | |
| Previous Owner | Grant Income Properties Llc | $1,575,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/04/2018 09/04/18 | Sold | -- | -- | -- |
| 05/17/2018 05/17/18 | Pending | -- | -- | -- |
| 03/09/2018 03/09/18 | For Sale | $1,795,000 | -- | -- |
Source: New Mexico MLS
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 |
|---|---|---|---|---|
| 2025 | $13,999 | $518,710 | $20,659 | $498,051 |
| 2024 | $13,763 | $503,602 | $20,057 | $483,545 |
| 2023 | $13,545 | $488,934 | $19,473 | $469,461 |
| 2022 | $13,373 | $488,934 | $19,473 | $469,461 |
| 2021 | $13,339 | $488,934 | $19,473 | $469,461 |
| 2020 | $13,138 | $488,934 | $19,473 | $469,461 |
| 2019 | $12,912 | $488,934 | $19,473 | $469,461 |
| 2018 | $17,569 | $672,585 | $19,473 | $653,112 |
| 2017 | $18,036 | $1,958,985 | $56,718 | $1,902,267 |
| 2016 | $18,222 | $1,901,925 | $55,065 | $1,846,860 |
| 2015 | $18,400 | $2,095,710 | $53,460 | $2,042,250 |
| 2014 | -- | $2,034,669 | $51,903 | $1,982,766 |
Source: Public Records
Agents Affiliated with this Home
-
Donnie Roberts
Map
Source: New Mexico MLS
MLS Number: 20181099
APN: 4000158400001
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.
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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