0 Baths

$1,200,000

708 N 5th St, Carlsbad NM, 88220

Price per sqftN/A

Built in1970

Property typeCommercial

Courtesy of Amanda Mashaw with Century 21 Black Gold

Overview

Active

Listed Nov 3, 2026

Updated 15h ago

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.

Additional information

MLS^® ID: 26002150

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.41 Acres

Other Property Details

Taxes: $2,466
Tax Frequency: Annually
55+/Senior Community: No

Property information should be verified by buyer. Listing information provided in part by the New Mexico Association of REALTORS®. Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the New Mexico Association of REALTORS®. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Candice Banks shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.