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16 Beds
8 Baths
30,952 sqft

$4,099,999

1301-1325 Fillmore Avenue, Alamogordo NM, 88310

Price per sqft$132.46
Built in1983
Property size30,952 sqft
Property typeMulti-family
Courtesy of Deacon Property Services

Overview

Active

Listed Jul 1, 2026

Updated Jul 23

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.

$27,277/mo

Est. mortgage payment based on a $4,099,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1106535

Interior Features

Bedrooms
16
Bathrooms
8
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.32 Acres

Other Property Details

Taxes
$14,787
Tax Frequency
Annually
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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-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Peace of the Planet Properties shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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