615 Iron Avenue SW

Albuquerque, NM 87102 · Block X Atlantic And Pacific Add
$1,500,000

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. 5 of 6 units are now cash flowing AirBnB units - See APOD

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Details

Price
$1,500,000
Beds
12
Baths
12
Square feet
6,574
Lot size
0.16 acres
Year built
2023
Type
MultiFamily
Neighborhood
Block X Atlantic And Pacific Add
Heating
Central,Electric,ForcedAir
Cooling
Ductless,Refrigerated
MLS #
1102929

Listed by Thomas Gallegos, Berkshire Hathaway NM Prop · (505) 798-6300. Data from the Southwest MLS, refreshed every 15 minutes.

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