1301 Filmore (1309 1325) Avenue
Alamogordo, NM 88310
- 2 beds
- 1 bath
- 30,944 sqft
- ~1 acre lot
- $75 per sqft
- 1984 build
- – on site
More homes
This 32 unit community is surrounded by mature landscaping and is short walking distance to major retail and employment centers.The area economy is driven by the military (Holloman air force base, hope to the 54th Fighter group and the MQ-9 Reaper/Predator Drones.Based on the current average rents of $602 per month, the property's measures of investment performance include a 10.13 GRM, 6.48% cap rate before reserves, before tax IRR of 13.40% and an after tax IRR of 10.50%.If rents were raised to the submarket average of $750, the measures of investment performance improve to a 8.15% cap rate, and 14.91% cash on cash.Additional value add opportunities include adding high speed internet and private yard spaces which could increase the value by another $449,032. (see page 8)
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Last updated Mar 12, 2025
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MLS# 1011228 —
The Building
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Year Built:1984
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Builder Name:Unknown
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New Construction:false
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Construction Materials:Frame,Stucco
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Stories:2
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Stories Total:2
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Levels:Two
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Basement:false
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Building Area Total:30944.0
Interior
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Flooring:Vinyl
Room Dimensions
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Living Area:30944.0
Location
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Directions:From ABQ to Alamogord
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Latitude:32.902471
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Longitude:-105.938792
The Property
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Parcel Number:R012456
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Property Condition:Resale
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Zoning Description:R-2
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Lot Size Acres:1.32
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Lot Dimensions Source:PublicRecords
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Lot Size SqFt:57499.0
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Lot Size Source:PublicRecords
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Additional Parcels:true
Listing Agent
- Contact info:
- Agent phone:
- (505) 440-8633
- Office phone:
- (505) 440-8633
Taxes
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Tax Annual Amount:1756.16
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Tax Legal Description:SUBD: ASPEN PARK LOT: 10
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
The Listing
Heating & Cooling
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Heating:Central,ForcedAir
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Heating:true
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Cooling:EvaporativeCooling
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Cooling:true
Utilities
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Utilities:ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
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Electric:None
Appliances
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Appliances:Refrigerator
The Community
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Subdivision Name:SUBD: ASPEN PARK LOT: 10
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Community Features:DeckPorch,LaundryFacilities
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 |
---|---|---|---|---|
11/9/22
Nov 9, 2022
|
Sold | SWMLS | $2,339,292 |