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Listing Courtesy of: Todd Clarke - NM Apartment Advisors, Inc. 505-440-8633 505-440-8633

$4,724,000

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2100 Stardust Court Alamogordo, NM 88310

Multi-Family Residence

Beds

1 Baths

30,020 Sq. Ft.

1.98 Acre Lot

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Last updated on 1/22/2025 9:17 AM

Listing Details

This 52-unit community is nestled in tall pines trees on a cul-de-sac 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 52 unit community has solid 2''x6'' construction, higher end finishes and vaulted ceilings in the upstairs units. The property contains 24 studios, 24 x 1 bedroom/1 bathrooms and 4 two bedrooms, two of which have garages.Based on an ask price of $4,724,000 the current average rents of $821 per month, the property's measures of investment performance include a 9.22 GRM, 7.50% cap rate before reserves Continue reading

MLS#

1064929

Property Type

Multi-Family

Bathrooms

Year Built

1987

Square Feet

30,020 sq. ft

Lot Size

1.98

Sewer