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

  • Carl has gone above and beyond the normal duties of a real estate professional to help me relocate to Las Cruces for my retirement. He helped me know the area and find the best place for me in a 55+ community. His attention to detail allowed for a smooth closing - even with me out-of-state. I am most grateful for his help and expertise. I recommend Carl to you with the highest possible marks. In the process, I consider Carl a friend on the journey of life.

    Scott Lothe

  • From the first time I met Carl for coffee, I was confident that his expertise and client friendly approach would lead me to the perfect home in Las Cruces. He was very patient, methodical and affable at every step. It’s been a pleasure working with Carl through the entire home buying process. Highly recommend!

    N Fitz

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1301 Fillmore AVE