1301-1325 Fillmore Avenue
Alamogordo, NM 88310
16
Bed
8
Bath
30,952Sqft
1.32Acres(Lot)
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
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 16Bathroom Information
Total Baths: 8 -
Flooring Information
Vinyl -
Interior Features
Ceiling Fan(s) Appliances: Dryer, Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Washer Laundry Features: Laundry Room, Washer Hookup, In Unit, Common Area -
Heating & Cooling
Has Heating: Yes Heating: Central, Forced Air Has Cooling: Yes Cooling: Ceiling Fan(s)
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Building Information
Year Built: 1983 Building Area Total: 30952 Construction Materials: Frame, Slump Block Stories: 2 Private Pool: No -
Exterior Features
Exterior Features: Lighting
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Lot Information
Lot Size Acres: 1.32 Lot Size Source: Public Records Lot Size Square Feet: 57499
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Listing Price Information
Listing Price: $4099999 Cash, Conventional
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Tax Information
Parcel Number: O1N4056094416081 Annual Tax: $14787.2
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Parking Information
Parking Total: 52
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Utility Information
Cable Available, Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected -
Location Information
Direction: From N. White Sands Blvid: Take Indian Wells Rd to Fillmore Avenue.
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ByOwner last updated this listing 07/10/2026 @ 17:23
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