2100 Stardust Alamogordo, NM
$ 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

Amenities No Landscaping, Owners Unit
Builder Jim Day
Construction Frame
Finance Considered Cash, Conventional
Number of Units 52.00
Rental Info Current Lse Agreemnt
Stories 2.0
Subdivision Fisher
Tenant Pays None
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

Disability Access Unknown
Exterior Material Board & Batten


  • 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

AVG $2.13M
AVG $1,043
AVG 30
Year Built
AVG 1987

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