Active For Sale Multifamily

Built 2024 Modern Apartments

615-615 Iron Ave SW, Albuquerque, NM, 87102

ID 370644f4

Overview

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

Additional Information

City
Albuquerque
State
NM
Zip Code
87102
Primary Uses
Multifamily
Secondary Uses
Townhouse
# of Buildings
1
Floors
3
Year Built
2,023
Parking Ratio
11