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$4,099,999
16 Beds
8 Baths
30,952sqft
1301-1325 Fillmore Ave, Alamogordo, NM 88310
$4,099,999
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Multi Family
Built in 1983
$-- HOA
1.32 acres lot
$132/sq.ft
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 i...
Continue Reading- Houzeo last checked: 51 minutes ago
- Listing updated: July 22, 2026 at 1:51 am
- Listing Provided by: Kyle E Deacon (505) 878-0100 DRE #15579 | Deacon Property Services (505) 878-0100
- Source: Greater Albuquerque AOR (SWMLS) MLS-NM | MLS#: 1106535
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1983
HOA Fees
-
Finished Area
30,952 sqft
Lot Size
1.32 acres lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1106535
MLS Status
Active
Days on Market
20
Cumulative Days on Market
20
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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New York State Fair Housing Notice.
