1301 Fillmore Avenue
Alamogordo, NM 88310
64
Bed
32
Bath
1.32Acres(Lot)
Freedom Flats is a 32-unit multifamily investment located at 1301, 1309, 1317, & 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 units with 967 sf per unit. 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 comp set 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: 64Bathroom Information
Total Baths: 32 -
Flooring Information
Vinyl -
Roofing Information
Asphalt -
Interior Features
Roof: Asphalt Appliances: Range, Refrigerator, Dishwasher -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Evaporative Cooling
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Building Information
Year Built: 1983 Building Area Total: 30952 Construction Materials: Frame, Stucco, Slump Block Private Pool: No
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Lot Information
Lot Dimensions: 1.01 to 1.5 AC Lot Size Acres: 1.32 Lot Size Source: Public Records Lot Size Square Feet: 57499Property Information
Subdivision: Aspen Park Source Property Type: Residential Income MLS Area Minor: 845 - Alamogordo Postal Code Plus 4: 5064 Property SubType: Multi Family Property Age: 43
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Listing Price Information
Listing Price: $4099999 Cash, Conventional
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Tax Information
Parcel Number: 01N4056094416081 Tax Legal Desc: Lots 7-10, Aspen Park
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Parking Information
Parking Total: 52 PavedHomeowners Association InformationAssociation Amenities: Laundry
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Location Information
Direction: From Las Cruces to Alamogordo via US70 east, Take S White Sands Blvd to Panorama to S Florida to E1st and Washington to Filmore WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1301-1325 Fillmore Avenue, Alamogordo, NM, 88310 | $4,099,999 | 16 | 8 | 30,952 | 30,952 SqFt |
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ByOwner last updated this listing 07/10/2026 @ 17:22
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