$1,600,000

615 Iron Avenue SW, Albuquerque, NM 87102

  • 2 beds |
  • 2 baths |
  • 6,148 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon6,970sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $260/sqft
  • Property List Date Icon Listed 4 years ago

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.

Listing Status:
Active
Date Added:
October 20, 2021 at 05:00AM
Listing Office:
Berkshire Hathaway NM Prop : (505) 798-6300
Listing Agent:
Thomas Gallegos : (505) 261-8687
MLS ID:
1003217
  • Appliances: Built-In Gas OvenBuilt-In Gas Range
  • Flooring: CarpetConcreteTile
  • A/C: Refrigerated
  • Heating: CentralElectricForced Air
  • Eco/Green Feature: None
  • General: FrameStucco3
  • Originating MLS: SWMLS_SWMLS
  • County: Bernalillo
  • Zoning: 101405705927520204
  • Utilities: Natural Gas ConnectedNone
  • Source: SWMLS_SWMLS

This listing courtesy of Thomas Gallegos, Berkshire Hathaway NM Prop

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

C

Coronado Elementary School

601 4th St SW, Albuquerque, NM, 87102

Grades KG-5

0.15 miles away

W

Washington Middle School

1101 Park Ave SW, Albuquerque, NM, 87102

Grades 6-8

0.55 miles away

S

Siembra Leadership High School

524 Central Ave SW, Albuquerque, NM, 87102

Grades 9-12

0.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.