• $2,125,000 2100 Stardust Alamogordo, NM 88310 Active
  • 32328 Sqft. $66 Per Sqft. 1.92 Acres MLS® #:889003 Built in 1987
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Essential Information

  • MLS® #889003
  • Price$2,125,000
  • Square Footage32,328
  • Acres1.92
  • Year Built1987
  • TypeResidential Income
  • Sub-Type9 or More Units
  • StatusActive
  • Listing OfficeNM Apartment Advisors, Inc.

Community Information

  • Address2100 Stardust
  • Area550 - Otero
  • SubdivisionFisher
  • CityAlamogordo
  • CountyOtero
  • StateNM
  • Zip Code88310

Amenities

  • AmenitiesOwners Unit, No Landscaping
  • UtilitiesAll City

Interior

  • AppliancesRefrigerator
  • HeatingGas
  • CoolingEvaporative
  • # of Stories2
  • Stories2 Story

Exterior

  • ConstructionFrame
  • BuilderJim Day

Additional Information

  • Date ListedApril 11th, 2017
  • Days on Market297
  • ZoningR-2
  • Finance ConsideredCash To Owner, Conventional

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%.


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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Listing information last updated on January 19th, 2019 at 7:43pm MST.