2500 Florida Avenue
Alamogordo, NM 88310
- 2 beds
- 1 bath
- 3,984 sqft
- ~1/2 acre lot
- $77 per sqft
- 1959 build
- – on site
More homes
This property contains three extraordinarily large two bedroom units and a one bedroom. Location is the real key for this property as its walking distance to Alamogordo's main retail corridor and major mall.Based on the current average rents of $850 per month, and an ask price of $364,490 the property's measures of investment performance include a 8.93 GRM, 7.27% cap rate before reserves, before tax IRR of 20.80% and an after-tax IRR of 15.80%. Rents recently increased 6.25% over year end 2021.If rents were raised to the submarket average of $925, the measures of investment performance improve to a 8.11% cap rate, and an outstanding 15.79% cash on cash.The area economy is driven by the military (Holloman air force base, home to the 54th Fighter group and the MQ-9 Reaper/Pred
Last checked:
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Last updated Nov 20, 2024
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MLS# 1006441 —
The Building
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Year Built:1959
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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:1
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Stories Total:1
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Levels:One
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Basement:false
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Building Area Total:3984.0
Interior
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Flooring:Tile,Vinyl
Room Dimensions
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Living Area:3984.0
Location
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Directions:From I-25 and Las Cruces take US70 east to White Sands/Alamogordo, Continue to S White Sands Blvd, North to Florida Ave and property.
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Latitude:32.921188
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Longitude:-105.952069
The Property
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Parcel Number:R014583
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Property Type:ResidentialIncome
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Property Subtype:Quadruplex
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Property Subtype Additional:Quadruplex
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Property Condition:Resale
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Zoning Description:R-2
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Lot Size Acres:0.42
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Lot Dimensions Source:PublicRecords
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Lot Size SqFt:18208.08
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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:1400.76
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Tax Legal Description:Lot 3 portion of 4, Block 2, Haynes Addition
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
Heating & Cooling
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Heating:Central,ForcedAir,WallFurnace
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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:Haynes Addition
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 | $309,817 |
