BEDS12
BATHS
SQUARE FEET6,574
MLS#1102929
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBlock X Atlantic And Pacific Add
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
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ductless, Refrigerated
Heating: Central, Electric, Forced Air
Lot Size: 0.16 Acres
Stories: 3.0
Taxes: $35,241
Year Built: 2023
Feature Descriptions
Appliances: Built-In Gas Range
Community Features: Deck/Porch
Exterior: Frame, Stucco
Flooring: Carpet, Concrete, Tile
Parcel#: 101405705927520204
Units: 6
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
Listed By / Shown By
Listed By
Agency Name: Berkshire Hathaway NM Prop
Agency Phone: (505) 798-6300
Shown By
Agency Title: Coldwell Banker Legacy
Agency Phone: (505) 892-1000
Estimate Your Payment
Estimated Payment
$ 6,712.60 per month $3,338.35 Principal & Interest $2,936.75 Property Tax $437.50 Homeowner's InsuranceChange Payment Information
Top REALTORS® in this Area
Casey Landis
From our very first call, Casey Landis impressed us with his in- depth market knowledge and sincere interest in our family's unique needs and timeline. At our first meeting, he presented a thorough market analysis and a well-crafted strategy that clearly stood out from other agents. Relocating across the country complicated our situation, but Casey went above and beyond by managing details, connecting us with trusted resources, and ensuring our home stayed show-ready and secure. His steady communication, expert guidance, and dedication helped ease our stress and resulted in a successful sale that met all our goals. We wholeheartedly recommend Casey to anyone seeking a knowledgeable,
trustworthy, and committed realtor.
— Gregory Howell
— Gregory Howell
Ashly Jaramillo
I had an excellent experience working with Ashly. I would recommend her to anyone that is in the process of buying a home.— Martha Edwards
— Martha Edwards
615 Iron Avenue Sw | MLS# 1102929
This multi-family property located at 615 Iron Avenue Sw, Albuquerque, NM 87102 is currently listed for sale with an asking price of $1,500,000. Search Albuquerque real estate on www.cblegacy.com today.