About 615 Iron Avenue Sw
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.
Features of 615 Iron Avenue Sw
| MLS® # | 1003217 |
|---|---|
| Price | $1,600,000 |
| Original Price | $2,000,000 |
| Price Per Sq.Ft. | $260.25 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Square Footage | 6,148 |
| Acres | 0.16 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
| Is Green | No |
| Guest House | No |
Community Information
| Address | 615 Iron Avenue Sw |
|---|---|
| Area | 80 - Downtown Area |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87102 |
Amenities
| Utilities | Natural Gas Connected |
|---|---|
| Features | Deck/Porch |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Concrete, Tile |
|---|---|
| Appliances | Built-In Gas Oven, Built-In Gas Range |
| Heating | Central, Electric, Forced Air |
| Cooling | Refrigerated |
| Fireplace | No |
| # of Stories | 3 |
| Stories | Three Or More |
Exterior
| Construction | Frame, Stucco |
|---|---|
| Builder | Sierra Hacienda Builders |
Additional Information
| Date Listed | October 20th, 2021 |
|---|---|
| Days on Market | 1428 |
| RE / Bank Owned | No |
| Finance Considered | Cash, Conventional |
| Current Taxes | $588 |
Listing Details
| Office | Berkshire Hathaway NM Prop |
|---|