1301 Filmore Ave - Apartments FOR SALE
Alamogordo, NM 88310 |
$4,250,000 USD
214-663-4236
1301 Filmore Ave
Alamogordo, NM 88310
HIGHLIGHTS
- Attractive In-Place Returns
- 7.0% Cap Rate on current | 7.9% Pro Forma Cap Rate with light operational optimization | 13.34% Average Cash-on-Cash Return, with 11.28% in Year One
- Exceptional Performance and Debt Options
- 97% Occupancy reflects strong tenant retention and market demand
- Exceptional agency debt quotes at 5.38% interest rate
- 168 Basis Point Spread between in-place cap rate and quoted debt (5.38% interest rate), enhancing leveraged returns
FOR SALE DETAILS
PRICE
$4,250,000 USD
PRICE/SF
$137 USD /SF
# OF UNITS
32
PRICE/UNIT
$132,813
CAP RATE
7.06%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Freedom Flats Apartments
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1984
PARKING SPACES
25
LAND DETAILS
LAND ACRES
1.22 AC
LAND SF
53,143 SF
ZONING
R-4
APN/PARCEL ID
R012456,R012459,R012460,R012461
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214-663-4236
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214-663-4236
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