$4,625,000
5 bds · 4 ba · 30,020 sqft
2100 Stardust Court, Alamogordo, 88310
1301-1325 Fillmore Avenue
Alamogordo, NM 88310
$4,099,999
$132/SqFt
16
Beds
8
Baths
30,952
SqFt Home
2
Stories
1983
Year Built
57,499
SqFt Lot
Estimated Mortgage
$20,732/mo
Based on $820K down · 6.5% · 30yr
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… Show more
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.
Property details for 1301-1325 Fillmore Avenue
Interior
Bedrooms Total:
16
Bathrooms Total:
8
Interior Features:
Ceiling Fan(s)
Appliances:
Dryer, Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Washer
Laundry Features:
Washer Hookup, Dryer Hookup, In Unit
Flooring:
Vinyl
Exterior and lot
Lot Size Acres:
1.32
Lot Size:
57,499 sqft
Exterior Features:
Lighting
Parking Total:
52
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Building Area Total:
30,952 sqft
Year Built:
1983
Construction Materials:
Frame, Slump Block
New Construction:
No
Levels:
Two
Number Of Units Total:
32
Stories:
2
Property Condition:
Resale
Provisional
MLS #:
1106535
Gross Income:
420120
Listing Terms:
Cash, Conventional
Number Of Buildings:
4
Operating Expense:
137195.8
Owner Pays:
Sewer, Trash Collection, Water
Tenant Pays:
Electricity, Gas, Other, See Remarks
Total Actual Rent:
35620
Area and schools
Community Features:
Laundry Facilities
City:
Alamogordo
Postal Code:
88310
MLS Area Major:
Otero
County:
Otero
Parcel Number:
O1N4056094416081
Utilities
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Refrigerated, Ceiling Fan(s)
Heating:
Central, Forced Air
Heating (Y/N):
Yes
Listing and financial details
Listing Date:
July 1, 2026
Location
Directions: From N. White Sands Blvid: Take Indian Wells Rd to Fillmore Avenue.
Estimated Mortgage
$20,732/mo
Based on $820K down · 6.5% · 30yr
Homes for sale similar to 1301-1325 Fillmore Avenue
1301-1325 Fillmore Avenue, Alamogordo, NM 88310 listed as MLS #1106535.
This 16 bedroom 30,952 sqft Multi Family built in 1983
located in Alamogordo NM 88310.
1301-1325 Fillmore Avenue is listed for $4,099,999 as MLS #1106535 courtesy of Deacon Property Services Kyle E Deacon.
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