1218 Michigan Avenue
Alamogordo, NM 88310
- 1 bed
- 1 bath
- 2,310 sqft
- 9,365 sqft lot
- $109 per sqft
- 1950 build
- – on site
More homes
The area economy is driven by the military (Holloman air force base, home to the 54th Fighter group and the MQ-9 Reaper/Predator Drones.This property contains four one bedroom, one bathroom units with carpet or hardwood floors in the units. Location is the real key for this property as its walking distance to Alamogordo's main retail corridor and the 12 acre Alameda park and zoo.Based on the current average rents of $658 per month, the property's measures of investment performance include a 7. 40 GRM, 6.923% cap rate before reserves, before tax IRR of 19.70% and an after-tax IRR of 15.20%.If rents were raised to the submarket average of $825, the measures of investment performance improve to a 10.30% cap rate, and an outstanding 23.87% cash on cash.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Dec 11, 2024
•
MLS# 1005402 —
The Building
-
Year Built:1950
-
Builder Name:Unknown
-
New Construction:false
-
Construction Materials:BrickVeneer,Frame,Stucco
-
Stories:1
-
Stories Total:1
-
Levels:One
-
Basement:false
-
Building Area Total:2310.0
Interior
-
Flooring:Carpet
Room Dimensions
-
Living Area:2310.0
Location
-
Directions:From White Sands Blvd and 10 street - north to 12th, east to Michigan, north to property.
-
Latitude:32.90299
-
Longitude:-105.957517
The Property
-
Parcel Number:01N4055094175058
-
Property Type:ResidentialIncome
-
Property Subtype:Quadruplex
-
Property Subtype Additional:Quadruplex
-
Property Condition:Resale
-
Zoning Description:R-2
-
Lot Size Acres:0.22
-
Lot Dimensions Source:PublicRecords
-
Lot Size SqFt:9365.4
-
Lot Size Source:PublicRecords
-
Additional Parcels:true
Listing Agent
- Contact info:
- Agent phone:
- (505) 440-8633
- Office phone:
- (505) 440-8633
Taxes
-
Tax Annual Amount:623.51
-
Tax Legal Description:Lot 8, Block 64, Alamo Blocks
Beds
-
Bedrooms Total:1
Baths
-
Total Baths:1
Heating & Cooling
-
Heating:Central,ForcedAir,WallFurnace
-
Heating:true
-
Cooling:EvaporativeCooling
-
Cooling:true
Utilities
-
Utilities:ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
-
Electric:None
Appliances
-
Appliances:Refrigerator
The Community
-
Subdivision Name:Alamo Blocks
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/24/23
Mar 24, 2023
|
Sold | SWMLS | $253,638 |
