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1301 Filmore Ave
Alamogordo, NM 88310

$4,250,000 USD

Apartments For Sale  •  30,944 SF

Property Details

  • Property Type Apartments
  • Total Building Size 30,944 SF
  • Lot Size 1.22 AC
  • Building Class C
  • Year Built 1984
  • Zoning R-4
0 Transit Score
51 Walk Score

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

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Kevin Diener 214-663-4236 Matthews Real Estate Investment Services
Kevin Diener 214-663-4236 Matthews Real Estate Investment Services