This Multifamily Property is no longer advertised on LoopNet.com.

1301 Filmore Ave
Alamogordo, NM 88310
Freedom Flats Apartments · Multifamily Property For Sale · 32 Units

Investment Highlights

  • Attractive In-Place Returns
  • Exceptional Performance and Debt Options
  • Exceptional agency debt quotes at 5.38% interest rate
  • 7.23% Cap Rate?on current | 7.74% Pro Forma Cap Rate?with light operational optimization | 13.34% Average Cash-on-Cash Return, with 11.28% in Year One
  • 97% Occupancy reflects strong tenant retention and market demand
  • 168 Basis Point Spread between in-place cap rate and quoted debt (5.38% interest rate), enhancing leveraged returns

Property Facts

No. Units 32
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 1.22 AC
Building Size 30,944 SF
No. Stories 2
Year Built 1984
Parking Ratio 0.81/1,000 SF
Zoning R-4

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 32 - 967

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • R012456
  • R012459
  • R012460
  • R012461
Land Assessment
$55,647
Improvements Assessment
$495,701
Total Assessment
$551,348
  • Listing ID: 38059099

  • Date on Market: 10/13/2025

  • Last Updated:

  • Address: 1301 Filmore Ave, Alamogordo, NM 88310

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