2100 Stardust
Alamogordo, NM 88310

Description

NM Apartment Advisors is excited to bring to market a high cap rate, value add opportunity in Alamogordo, New Mexico.Offered for sale by the original developer's family, this 52-unit community is nestled in tall pines trees on a cul-de-sac not just a short distance to the foothills of the Sacramento mountains and short drive to New Mexico's iconic White Sands national monument.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.Built in 1986-1987, this 52unit community contains 24 studios, 24 x 1 bedroom/1 bathrooms and 4 two bedrooms, two of which have garages.Based on the current average rents of $460 per month, the property's measures of investment performance include a 7.40 GRM, 8.33% ca

Details

MLS#889003
Sub-TypeResale
StatusActive
Year1987
Days On Site826

Features

SQ Feet32,328
Units52
Building(s)7

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Area Information

StateNM
CountyOtero
CityAlamogordo
Zip Code88310
Area550 - Otero
Listing VS Median (in 88310)
Price:
$2,125,000
low | high
Med:
$157,797
100% of Average
SqFt:
32,328
low | high
Med:
1,713
100% of Average
$ / SqFt:
$66
low | high
Med:
$92
9.860268095188% of Average
On Site:
826
low | high
Med:
26
100% of Average
Listing Updated: 07/15/2019
MLS Number: 889003
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.