SORRY-IT’S GONE!

13 Unit Apartment Building in Alamogordo, NM

  • Characteristics

    Beds: 14
    Baths: 14
    SqFt: 8,576
    Lot Size: 7,500
    Year Built: 1959
    Air Conditioning Type: Evaporative Cooler
    Heating Type: Gas Forced Air
    Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
    Garage Type: Detached Garage
    Exterior Wall Type: Wood Siding
    Roof Type: Gable
    Roof Cover Type: Metal
    Sewer Type: Municipal
    Number of Stories: 2

  • Condition

    Building 1
    7616 sqft
    12 one bed/one bath units
    Each unit approximately 634 sqft
    Needs renovation
    New metal roof
    Some settling in one corner. Not impedding any of the units. Easy to lift.

    Building 2
    960 sqft
    Additional 2/2 unit has been roughed in, finish or convert to laundromat.
    Newer metal roof.

  • Numbers & Dates

    Currently 3 units are rented for $550 per month.
    Could rent all as-is but does need a renovation.

    LTR Revenue: $90,600 annually

    ARV $800,000

    Asking: $385,000 - First offer at asking takes it.

    Seller Financing Available
    • $40,000 down payment
    • 6% interest

*DISCLOSURE*
JOE HOMEBUYER IS EXPLORING ALL OPTIONS WITH THIS AGREEMENT. AS PART OF OUR DUE DILIGENCE WE ARE CONSIDERING SELLING OUR ASSIGNABLE CONTRACT FOR THIS PROPERTY. WE MAY NOT OWN THIS HOME - WE ARE NOT REAL ESTATE AGENTS. WE DO NOT REPRESENT THE SELLER. THE INFORMATION IS PROVIDED AS A COURTESY AND NOT MEANT FOR THE PURPOSES OF MARKETING THIS HOME.