1301 Filmore Ave - Apartments FOR SALE
Alamogordo, NM 88310 |
1301 Filmore Ave
Alamogordo, NM 88310
HIGHLIGHTS
- Attractive In-Place Returns
- 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
- 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
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Freedom Flats Apartments
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
30944
STORIES
2
YEAR BUILT
1984
PARKING SPACES
25
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
R012456,R012459,R012460,R012461
