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Address
2100 Stardust Alamogordo, NM
Price
$ 2,125,000
Property Attributes
  • MLS#889003
  • TypeMulti-Family
  • CountyOTERO
  • CityAlamogordo
  • AreaOtero
  • NeighborhoodFisher
  • Zip88310
  • Style9 or More Units
  • Year Built1987
  • Taxes1043
  • Price$ 2,125,000
  • Bedrooms0
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage32328
  • Lot Size1.92 Acres
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property Description

The recently renovated and refreshed and Pines apartments are back on the market.Offered by original developer's family, the Pines apartments are located on a street infused with tall pine trees and mature landscaping.Built in 1986-7 and refreshed in the last few months, at the ask price of $2,125,000 and with an average rent of $459, the property measure of investment performance include a GRM of 67.42, a before reserves CAP rate of 8.31%, 14.02% cash on cash, and an after Tax IRR of 14.5%.If rents were bumped to market of $539, the CAP Rate improves to 10.41% and the cash on cash to 18.23%.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
5/25/2018 Listed $2,125,000

General Features

Age 21 - 30
Amenities No Landscaping, Owners Unit
Area 550 - Otero
Builder Jim Day
Construction Frame
Days on Market 291
Finance Considered Cash, Conventional
Legal Description Lots 3-12, Fisher Subdivision, Otero County
Number of Units 52.00
Property SubType 9 or More Units
Property Type C
Rental Info Current Lse Agreemnt
Stories 2.0
Subdivision Fisher
Tenant Pays None
Year Built 1987
Zoning R-2

Interior Features

5+ Units Yes
Appliances Included Refrigerator
Basement No
Cooling Evaporative
Flooring Carpet, Vinyl
Heating Gas
Utilities All City

Exterior Features

Acres 1.92
Disability Access Unknown
Exterior Material Board & Batten

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 88310

Price
AVG $2.13M
$2.13M
Taxes
AVG $1,043
$1,043
Visits
AVG 36
35
Year Built
AVG 1987
1987
Walkscore
AVG 21
21

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