615 Iron Ave SW - Apartments FOR SALE


Albuquerque, NM 87102
$1,600,000 USD
505-312-9507
615 Iron Ave SW, Albuquerque, NM for Sale
$1,600,000 USD
Apartments - FOR SALE
1/8
null | 6.75% Cap Rate

615 Iron Ave SW
Albuquerque, NM 87102


HIGHLIGHTS

  • Newly constructed 3-story multi-family units with luxurious amenities and designs.
  • Close proximity to many retailers, Lovelace Medical Center, The University of New Mexico, and attractions such as ABQ BioPark Zoo.
  • Located just under 10 miles away from the Albuquerque International Sunport Airport.
  • Sound investment opportunity with a strong 7.5% cap rate and low maintenance fees.

OVERVIEW

With a cap rate of 7.5%, this is a sound investment opportunity! The property is currently under construction, and will be brand new 3-story multi-family units with luxurious amenities and designs. There are 6 units total with 2 bedrooms and 2 baths, Balconies and All units are 3 stories. constructed by an experienced company, Sierra Hacienda Builders.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

6

PRICE/UNIT

$266,667

CAP RATE

6.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Price Reduction New Construction Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R-MH*

APN/PARCEL ID

1-014-057-058274-2-02-04

ASK ABOUT THIS PROPERTY

Thomas GallegosBerkshire Hathaway HomeServices New MexicoMore Info
505-312-9507

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Thomas GallegosBerkshire Hathaway HomeServices New MexicoMore Info
505-312-9507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.