615 Iron Avenue SW, Albuquerque, NM 87102
$1,800,000
Property Type:
Residential Income
Square Footage:
6,148
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$1,800,000
List Date:
10/20/2021
Last Modified:
2/15/2024
Description
NOW COMPLETE!!! CAP Rate 7.5% Sound Investment Opportunity. 3 Story Units with Luxury Amenities and Design. 2 bedroom 2 baths constructed by experienced, Sierra Hacienda Builders. See renderings,
6 units at $2,200 market rent.
More Information MLS# 1003217
Contract Information
Listing Price: 1800000
Current Price: $1,800,000
List Price/SqFt: 292.78
Status: Active
Bank Owned: No
Location
Street #: 615
Street Name: Iron
St Suffix: Avenue
Post Direction: SW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87102
Zip +4: 3825
Geo Lat: 35.08028
Geo Lon: -106.655292
Area: 80 - Downtown Area
Zone Atlas: K14
City/County Data
UPC Code: 101405705927520204
General Property Description
# of Units: 6
5+ Units: Yes
Units for Sale: 6
Property Sub-Type: 6 Units
Apx Structured SqFt: 6148
SqFt Source: Floorplan
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6969.6
Directions: South on 8th St. from Central, East on Iron to property.
Stories: 3
Total Stories in Bldg: 3
Total # of Buildings: 1
Year Built Exception: Under Construction
Age: Select One
Disability Access: Unknown
LBP Disclosure: No
Builder: Sierra Hacienda Builders
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 587.6
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 144000
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 2
# of Bedrooms: 2
# Baths: 2
Approx. SqFt: 965
Max Rent: 2200
Market Rent: 2000
# of Unit Types (2)
# of Units: 2
# of Bedrooms: 2
# Baths: 2
Approx. SqFt: 835
Max Rent: 2200
Market Rent: 2000
# of Unit Types (3)
# of Units: 2
# of Bedrooms: 2
# Baths: 2
Approx. SqFt: 823
Max Rent: 2200
Market Rent: 2000
Unit Summary
Total Units: 6
Average Unit Size: 874.33
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Proposed Construction
Amenities: Balconies/Deck
Appliances included: Blt-In Gas Stve/Oven
Utilities: Natural Gas Connected
Heating: Central Forced Air; Electric
Cooling: Refrigerated
Flooring: Carpet; Concrete; Tile
Electric Provider: Public Utility
Electric: None
Metering: Individual Electric; Individual Gas
Operating Expenses: Insurance; Property Taxes
Owner Pays: Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 1 Space Per Unit
Rental Info: Call Listing Broker
Finance Considered: Cash; Conventional
Source: Owner Provided
Zoning: R-MH*
Listing Office: Berkshire Hathaway NM Prop
Last Updated: February - 15 - 2024
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