2100 Stardust, Alamogordo, NM 88310
$2,125,000
Property Type:
Residential Income
Square Footage:
32,328
Lot Size (sq. ft.):
83,635
Status:
Closed
Current Price:
$2,125,000
List Date:
11/05/2018
Last Modified:
11/19/2019
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
More Information MLS# 889003
Status Change Info
Pending Date: 2019-09-27
Closing Date: 2019-11-19
Contract Information
Listing Price: 2125000
Current Price: $2,125,000
List Price/SqFt: 65.73
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 2100
Street Name: Stardust
County: Otero
City/Town Code: Alamogordo
State/Province: NM
Zip Code: 88310
Geo Lat: 32.892257
Geo Lon: -105.935042
Area: 550 - Otero
Zone Atlas: NOZA
City/County Data
UPC Code: 01N4057094015453
Subdivision: Fisher
General Property Description
# of Units: 52
5+ Units: Yes
Units for Sale: 52
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 32328
SqFt Source: Per Appraisal
Lot Size Source: Per Appraisal
Acres: 1.92
Lot SqFt: 83635
Directions: From ABQ south to US-380 east to US-54 south to Alamogordo
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 7
Year Built: 1987
Age: 21 - 30
Disability Access: Unknown
LBP Disclosure: No
Builder: Jim Day
Owner Occupant Unit: No
Multiple Lots: Five
Tax & Legal Info
GRT Code: 15-116
Current Taxes: 1043
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 24
# Baths: 1
Approx. SqFt: 450
Actual Rent: 373
Max Rent: 400
Market Rent: 425
# of Unit Types (2)
# of Units: 24
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 449
Max Rent: 450
Market Rent: 475
# of Unit Types (3)
# of Units: 2
# of Bedrooms: 2
# Baths: 2
Style: Down/Garage
Approx. SqFt: 865
Actual Rent: 550
Max Rent: 550
Market Rent: 575
# of Unit Types (4)
# of Units: 2
# of Bedrooms: 2
# Baths: 1
Style: Up/Garage
Approx. SqFt: 945
Actual Rent: 650
Max Rent: 650
Market Rent: 675
Unit Summary
Total Units: 52
Average Unit Size: 577.3
Average Actual Rent: 425.53
Annualized: 265536
Total Actual Rent: 22128
Property Features
Construction: Frame
Exterior Material: Board & Batten
Build Description: New Construction
Amenities: No Landscaping; Owners Unit
Appliances included: Refrigerator
Utilities: All City
Heating: Gas
Cooling: Evaporative Cooling
Flooring: Carpet; Vinyl
Electric Provider: Community
Owner Pays: None
Tenant Pays: None
Rental Info: Current Lse Agreemnt
Finance Considered: Cash; Conventional
Zoning: R-2
Documents
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: November - 19 - 2019
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