**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
Hobbs is located in New Mexico. Hobbs, New Mexico has a population of 37,427. Hobbs is less family-centric than the surrounding county with 37.04% 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 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 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.