Courtesy: Nm Apartment Advisors Inc. | Todd Clarke
  • Price:

    • $1,731,000

  • Listing #:
    • 155797
  • Class:
    • Commercial
  • Status:
    • Active
  • Type:
    • Apt/multi-family
  • Apx. Sqft.:
    • 32,328
  • Sale/Rent:
    • For Sale
  • Year Built:
    • 1986
  • Address:
    • 2100 E Stardust CT
  • City:
  • Area:
    • 01 Sun Streets
  • State:
    • NM
  • Zip:
    • 88310

Description

Easily recognized by the abundance of mature pine trees on the property, the Pines apartments is one of Alamogordo' s nicest apartment communities. This is a rare opportunity to acquire this asset from the original developer' s family and continue the enduring legacy of offering high quality apartments to the Alamogordo community. Offered below the most recent appraised value, this investment also has upside potential for the next owner. Measure of investment performance include: 8.16% CAP rate

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  • Property Taxes
    • Details:
      • - 10433
  • Misc.
    • Apt/unit:
      • - 20+
    • Vacancyfactor:
      • - 13272
    • Business Name:
      • - Pines Apartments
    • Grossincome:
      • - 252168
    • Expenses:
      • - 110865
  • Size or Dimensions
    • # Acres:
      • - 2.019
  • Construction
    • Builder:
      • - Day
    • Framing Construction:
      • - Wood
    • Exterior:
      • - Wood Siding
    • Bldg Condition:
      • - Good
  • Misc. Bedroom Details
    • Bedrooms -eff Un/$:
      • - 373
    • Bedrooms -#1unit/$:
      • - 449
    • Bedrooms -#2unit/$:
      • - 550
  • Lot / Land Details
    • Lot/unit:
      • - 5-10
  • Zoning
    • Fld Zone:
      • - U
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