1301 Fillmore AVE, Alamogordo, NM 88310
1301 Fillmore AVE, Alamogordo, NM 88310
1301 Fillmore AVE, Alamogordo, NM 88310
1301 Fillmore AVE, Alamogordo, NM 88310
1301 Fillmore AVE, Alamogordo, NM 88310
1301 Fillmore AVE, Alamogordo, NM 88310
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Carl Krause

Carl Krause

+1(575) 495-2244
$ 4,099,999
Est. payment | /mo

64 Beds

32 Baths

30,952 SqFt

Save
$ 4,099,999
Est. payment | /mo
Save

64 Beds

32 Baths

30,952 SqFt

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

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

LasCrucesHomeTeam.com

Carl Krause
Carl Krause
Broker Associate License ID: REC-2023-0607

+1(575) 495-2244

Sonoma Ranch Blvd, Las Cruces, NM 88011, USA

https://lascruceshometeam.com

Top Clicks - Las Cruces
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GET MORE INFORMATION

Carl Krause
Carl Krause

Broker Associate License ID: REC-2023-0607

+1(575) 495-2244

Sonoma Ranch Blvd, Las Cruces, NM 88011, USA

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REVIEWS

  • Ronnie & Carl our team of Realtors. Help us find our forever, home Walked us through the process of everything. And made a seamless transaction. If you’re looking for a realtor, we highly recommend Ronnie and Carl. They will work effortlessly to help you find your home. Jerry & Debbie

    Debbie Wilbanks

  • We recently purchased a condo in Santa Fe. Although our broker was from Santa Fe, we were fortunate to be able to utilize Carl Krause’s extensive knowledge of real estate transactions to help us navigate the purchase. It gave us peace of mind knowing we had a trusted ally from our home town to advise us on the process. Thank you Carl!

    Carol Placchi

  • Had a great experience buying my house with this team. I was selling my place in Colorado and couldn’t be in Las Cruces to look at houses. Carl was so helpful getting together a list of houses - in a spreadsheet ! that included all the information about each house. Then he took the time to set up appointments and FaceTime me with the walkthroughs. Finally sold my place and with the help of Carl and Ronnie, was able to close on a great house here in record time!

    M H

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1301 Fillmore AVE