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.? Freedom Flats presents a very unique opportunity to own a clean and versatile asset that delivers value to a broad range of investment profiles.? Whether the priority is immediate yield, tax efficiency, portfolio stability, or long-term appreciation, this property presents a clear and executable opportunity in a unique American Community on the Rise.?