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615 Iron Avenue SW
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615 Iron Avenue SW
615 Iron Avenue SW
615 Iron Avenue SW
615 Iron Avenue SW
615 Iron Avenue SW
615 Iron Avenue SW
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615 Iron Avenue SW

Albuquerque, NM 87102

$1,600,000
2 bd • 2 ba • 6,148 sqft • 0.16 acres
3 Story
Stories
$260
Per SQFT
10/20/2021
Listing Date
1003217
Listing #
87102
Zip Code
Bernalillo
County

About This Property

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.

Interior

Bathrooms Total: 2
Appliances: Built-In Gas Oven, Built-In Gas Range
Flooring: Carpet, Concrete, Tile

Building And Construction

Property Type: Residential Income
Property Sub Type: Multi Family
Building Area Total: 6,148 sqft
Construction Materials: Frame, Stucco
New Construction: Yes
Builder Name: Sierra Hacienda Builders
Levels: Three Or More
Number Of Units Total: 6
Stories: 3
Property Condition: To Be Built

Exterior And Lot

Lot Size Acres: 0.16
Lot Size Square Feet: 6969.6

Provisional

MLS #: 1003217
Gross Income: 143640
Listing Terms: Cash, Conventional
Number Of Buildings: 1
Owner Pays: Common Area Maintenance
Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water

Area And Schools

Community Features: Deck/Porch
City: Albuquerque
Postal Code: 87102
MLS Area Major: Downtown Area
County: Bernalillo
Parcel Number: 101405705927520204

Utilities

Utilities: Natural Gas Connected
Cooling: Refrigerated
Heating: Central, Electric, Forced Air
Heating (Y/N): Yes

Location

Directions: South on 8th St. from Central, East on Iron to property.

Mortgage Calculator

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** All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

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Listing courtesy of Berkshire Hathaway NM Prop
Southwest MLS Logo 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.
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

(505) 521 8550