$4,099,999
$132/sqftactive1301-1325 Fillmore Avenue, Alamogordo, NM 88310
Beds
16
Baths
8
Sqft
30,952
Lot
1.32 ac
Built
1983
Type
multi family
About This Property
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.
Features & Amenities
Property Details
| MLS # | 1106535 |
| Property Type | multi family |
| Year Built | 1983 |
| Heating | Central,ForcedAir |
| Cooling | Refrigerated,CeilingFans |
| Lot Size | 1.32 acres (57,499 sqft) |
| Property Tax (est.) | $14,787/yr ($1,232/mo) |
| Price / Sqft | $132 |
| Status | Active |
| Days on Market | 0 |
Listing courtesy of Deacon Property Services. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
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