1301-1325 Fillmore AVE, Alamogordo, NM 88310
1301-1325 Fillmore AVE, Alamogordo, NM 88310
1301-1325 Fillmore AVE, Alamogordo, NM 88310
29
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Listed by Deacon Property Services
$4,099,999
Est. payment /mo
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16 Beds
8 Baths
30,952 SqFt
New

1301-1325 Fillmore AVE Alamogordo, NM 88310

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EXIT Realty Vista

EXIT Realty Vista

+1(505) 505-3948

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 30,952 sqft

Price per Sqft $132

MLS Listing ID 1106535

Bedrooms 16

Construction Status Resale

HOA Y/N No

Year Built 1983

Annual Tax Amount $14,787

Lot Size 1.320 Acres

Acres 1.32

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

Freedom Flats is a 32-unit multifamily investment located at 1301 - 1325 Fillmore Avenue in Alamogordo, New Mexico. The property features four 2-story buildings with 8 units each, built in 1983 on 1.32 acres total. All 32 units are 2 bed 1 bath totaling 967 sf. The property has undergone over $1,200,000 in interior and exterior upgrades and is fully renovated as of 2024.Stabilized and cash-flowing, this investment offers a 7.21% current cap rate at 100% occupancy with a clean rent roll. The property is priced at $128,125 per unit and is priced below replacement cost. Current rents trail the comparables by $100-$155, and leases roll through 2026-2027, meaning rent growth is built in and requires no additional investment.

Location

State NM

County Otero

Area 550 - Otero

Interior

Interior Features Ceiling Fan(s)

Heating Central, Forced Air

Cooling Refrigerated, Ceiling Fan(s)

Flooring Vinyl

Fireplace No

Appliance Dryer, Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Washer

Laundry Washer Hookup, Dryer Hookup, In Unit

Exterior

Exterior Feature Lighting

Community Features Laundry Facilities

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 52

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID O1N4056094416081

Acceptable Financing Cash, Conventional

Green/Energy Cert None

Listing Terms Cash, Conventional

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

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EXIT Realty Vista

EXIT Realty Vista

REC-2024-0082

+1(505) 505-3948

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1301-1325 Fillmore AVE