708 N Fifth St, Carlsbad, NM 88220

Property Description

Offered for sale is a well maintained 12 unit apartment complex running at an 8.0% CAP rate and is 100% occupied. This 2-story complex offers a newly installed laundry room, eleven 2 bed, 1 bath units and one 1 bed, 1 bath unit all fully furnished. Two-bedroom units are approximately 750 sq ft, AC units installed in each apt in 2018, city water, sewer and electric. Located near the Carlsbad High School and PR Leyva Jr High. Don't miss this great investment opportunity located north Carlsbad and in a rapidly growing oil and gas community in the Permian Basin.