1301-1325 Fillmore Avenue, Alamogordo, NM 88310

Alamogordo
Local realty services provided by:ERA Summit
1301-1325 Fillmore Avenue,Alamogordo, NM 88310
$4,099,999
  • 16 Beds
  • 8 Baths
  • 30,952 sq. ft.
  • Multi-family
  • Active
Listed by: kyle e deacon
Office: deacon property services
MLS#:1106535
Source:NM_SWMLS

Price summary

  • Price:$4,099,999
  • Price per sq. ft.:$132.46

About this home

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.

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Home facts

  • Year built:1983
  • Listing ID #:1106535
  • Added:90 day(s) ago
  • Updated:September 30, 2026 at 02:32 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:8
  • Flooring:Vinyl
  • Kitchen Description:Dishwasher, Free Standing Electric Range, Microwave, Refrigerator
  • Living area:30,952 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan, Refrigerated
  • Heating:Central, Forced Air

Structure and exterior

  • Year built:1983
  • Building area:30,952 sq. ft.
  • Lot area:1.32 Acres
  • Construction Materials:Frame, Slump Block
  • Exterior Features:Lighting
  • Levels:2 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$4,099,999
  • Price per sq. ft.:$132.46
  • Tax amount:$14,787

Features and amenities

  • Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:52

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