1301 Fillmore AVE, Alamogordo, NM 88310
1301 Fillmore AVE, Alamogordo, NM 88310
1301 Fillmore AVE, Alamogordo, NM 88310
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Abby Aguilera

Abby Aguilera

+1(575) 386-8185
$4,099,999
Est. payment /mo
64 Beds
32 Baths
30,952 SqFt
Save

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment Complex

Listing Status Active

Purchase Type For Sale

Square Footage 30,952 sqft

Price per Sqft $132

Subdivision Aspen Park

MLS Listing ID 2602162

Bedrooms 64

Year Built 1983

Lot Size 1.320 Acres

Acres 1.32

Lot Dimensions 1.01 to 1.5 AC

Property Sub-Type Apartment Complex

Source lascruces

Property Description

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.

Location

State NM

County Otero

Interior

Heating Forced Air

Cooling Evaporative Cooling

Fireplace N

Appliance Range, Refrigerator, Dishwasher

Exterior

Parking Features Paved Area

Roof Type Asphalt,Pitched

Building

Foundation Heavy Duty, Vinyl

Sewer Public Sewer

Water Public

Structure Type Frame,Stucco,Slump Block

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Read Less Info
©2026 The Las Cruces Association of REALTORS®, Inc. All rights reserved.
Listed by Deacon Property Services, LLC

Nearby Locations

GET MORE INFORMATION

Abby Aguilera

Abby Aguilera

+1(575) 386-8185

Broker Associate | REC-REC-2025-0874

Broker Associate REC-REC-2025-0874

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Abby Aguilera, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.