Alamogordo NM Multi Family for Sale
$4,724,000
2100 Stardust Alamogordo, NM 88310
- Type:
- Apartment Building
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1 Acres
- Year built:
- 1986
- Baths:
- MLS#:
- 2402104
- Subdivision:
- Fisher
ADDITIONAL INFORMATION
$364,490
2500 N Florida Alamogordo, NM 88310
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.42 Acres
- Year built:
- 1959
- Baths:
- MLS#:
- 2200146
ADDITIONAL INFORMATION
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.22 Acres
- Year built:
- 1950
- Baths:
- MLS#:
- 2200145
- Subdivision:
- Alamo Blocks
ADDITIONAL INFORMATION
The area economy is driven by the military (Holloman air force base, home to the 54th Fighter group and the MQ-9 Reaper/Predator Drones.This property contains four one bedroom, one bathroom units with carpet or hardwood floors in the units. Location is the real key for this property as its walking distance to Alamogordo's main retail corridor and the 12 acre Alameda park and zoo.Based on the current average rents of $658 per month, the property's measures of investment performance include a 7. 40 GRM, 6.923% cap rate before reserves, before tax IRR of 19.70% and an after-tax IRR of 15.20%.If rents were raised to the submarket average of $825, the measures of investment performance improve to a 10.30% cap rate, and an outstanding 23.87% cash on cash.
Alamogordo Real Estate
The median home value in Alamogordo, NM is $192,200. This is lower than the county median home value of $195,700. The national median home value is $338,100. The average price of homes sold in Alamogordo, NM is $192,200. Approximately 51.4% of Alamogordo homes are owned, compared to 34.42% rented, while 14.19% are vacant. Alamogordo real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Alamogordo real estate agent to arrange a tour today!
Alamogordo, New Mexico 88310 has a population of 31,201. Alamogordo 88310 is less family-centric than the surrounding county with 30.87% of the households containing married families with children. The county average for households married with children is 31.24%.
The median household income in Alamogordo, New Mexico 88310 is $46,026. The median household income for the surrounding county is $46,949 compared to the national median of $69,021. The median age of people living in Alamogordo 88310 is 39 years.
Alamogordo Weather
The average high temperature in July is 94.2 degrees, with an average low temperature in January of 28.4 degrees. The average rainfall is approximately 11.4 inches per year, with 2.3 inches of snow per year.