Map
Listed price in listed location currency (USD).
$4,099,999

16852

MLS® 1106535

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 30952 sqft
Garage 
Taxes $14,787
Days Active 19
Lot Size 1.32 Acres
Approx. Age 1983
Avg. Price Per Sqft $132
MLS® Number 1106535

Property Address: 1301-1325 Fillmore Avenue, Alamogordo, NM, 88310

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number1106535
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1983
Basement
Driveway
Garage Spaces
HeatCentral, Forced Air
A/CRefrigerated, Ceiling Fans

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 1, 2026List Date
$4,099,999List Price
  • Commute

Commute

Starting Address
Destination Address
1301-1325 Fillmore Avenue, Alamogordo, NM

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