615 Iron Avenue SW, Albuquerque, NM 87102
- $1,500,000
- 12
- BD
- 12
- BA
- 6,574
- SqFt
- List Price
- $1,500,000
- Status
- ACTIVE
- Days on Market
- 1756
- MLS#
- 1102929
- Subtype
- Residential Income
- Year Built
- 2023
- Bedrooms
- 12
- Bathrooms
- 12
- Living Area
- 6,574
- Lot Size
- 7,100
- Acres
- 0.16
- Subdivision
- Block X Atlantic And Pacific Add
- Neighborhood
- Block X Atlantic And Pacific Add
- MLS Area Major
- Downtown Area
Property 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. 5 of 6 units are now cash flowing AirBnB units - See APOD
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Additional Information
- Taxes
- $16,575
- Zoning
- R-MH*
- Flooring
- Carpet, Concrete, Tile
- Appliances
- Built-In Gas Range
- Heating
- Central, Electric, Forced Air
- Air Conditioning
- Ductless, Refrigerated
- Exterior Construction
- Frame, Stucco
- Stories
- 3
- Levels
- Three Or More
Mortgage Calculator
Listing courtesy of Thomas Gallegos from Berkshire Hathaway NM Prop
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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.