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1301-1325 Fillmore Avenue
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1301-1325 Fillmore Avenue
1301-1325 Fillmore Avenue
1301-1325 Fillmore Avenue
1301-1325 Fillmore Avenue
1301-1325 Fillmore Avenue
1301-1325 Fillmore Avenue
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1301-1325 Fillmore Avenue

Alamogordo, NM 88310

$4,099,999
16 bd • 8 ba • 30,952 sqft • 1.32 acres
2 Story
Stories
$132
Per SQFT
1983
Year Built
07/01/2026
Listing Date
1106535
Listing #
88310
Zip Code

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.

Interior

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

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
Levels: Two
Number Of Units Total: 32
Stories: 2
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 1.32
Lot Size Square Feet: 57,499 sqft
Exterior Features: Lighting
Parking Total: 52

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

Location

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Directions: From N. White Sands Blvid: Take Indian Wells Rd to Fillmore Avenue.

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Listing courtesy of Deacon Property Services
Southwest MLS Logo Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

(505) 521 8550