615 Iron Avenue Sw Albuquerque, NM 87102

6 Units
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$1,600,000 Est. $5,892 / mo.*
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Property Type: Multifamily
Status: Active
Days on Website: 1469

Courtesy of Berkshire Hathaway NM Prop.

Description

Exceptional investment opportunity! This modern 6-unit building, just two years old, showcases quality craftsmanship from an experienced builder/owner and delivers an impressive cap rate. Each unit is thoughtfully designed with contemporary finishes and efficient layouts, ensuring both style and durability. Currently operated as successful Airbnb rentals, this property offers strong, proven income potential and immediate cash flow. The building's newer construction minimizes maintenance costs while maximizing long-term value, ideal for investors seeking turnkey performance in a thriving short-term rental market. A rare chance to own a high performing income property built and managed with experience and attention to detail.

Open House

Property Details and Features

  • BuiltInGasOven
  • BuiltInGasRange
  • 2 total bathrooms
  • 2 total bedrooms
  • Living area: 6148.0
  • 1 building
  • 3 stories
  • Levels: ThreeOrMore
  • Construction Materials: Frame, Stucco
  • DeckPorch
  • Refrigerated
  • PrincipalIsRealEstateLicensed
  • Ranm2100Disclosure
  • Energy Generation: None
  • Carpet
  • Concrete
  • Tile
  • Central
  • Electric
  • ForcedAir
  • Gross Income: $143,640
  • Listing ID: 1003217
  • Standard Status: Active
  • MLS Status: Active
  • Property Subtype: MultiFamily
  • On market as of 2021-10-20
  • 1,469 days on market
  • MLS Area (Major): 80 - Downtown Area
  • County/Parish: Bernalillo
  • 0.16 acres
  • CommonAreaMaintenance
  • ToBeBuilt
  • Parcel Number: 101405705927520204
  • Annual Amount: $587.6
  • Zoning description: R-MH*
  • Electricity
  • Gas
  • Sewer
  • TrashCollection
  • Water
  • NaturalGasConnected
  • None

Location

$1,600,000 - 615 Iron Avenue Sw, Albuquerque, NM 87102
615 Iron Avenue Sw Albuquerque, NM 87102
MLS Area (Major): 80 - Downtown Area

Street View

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