2315 N Jefferson Street, Hobbs, NM 88240

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