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$1,800,000   Price Analysis
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615 Iron Ave SW
Albuquerque, NM 87102
6 bed 6 bath 6,148 SqFt ($292/SqFt)
6,970SqFt lot.
Listed 2021-10-20, Taxes $275
Ⓧ USDA Ineligible
due to price & location

near Albuquerque

NOW COMPLETE!!!

CAP Rate 7.5% Sound Investment Opportunity. 3 Story Units with Luxury Amniti es and Design.

2 bedroom 2 baths constructed by experienced, Sierra Hacienda Builders. See renderings, 6 units at $2, 200 market rent.


Presented by Thomas Gallegos at
Berkshire Hathaway Nm Prop.
Listing Agent Photo

Property MLS #1003217 from SouthwestMLS

Bedrooms: 6

Total Bathrooms: 6
Full Bathrooms: 6

BuiltInGasOven
BuiltInGasRange

Cooling Features: Refrigerated
Heating Features: Central, Electric, ForcedAir
Heating: Yes

Flooring: Carpet, Concrete, Tile

Lot Dimensions Source: PublicRecords
Lot Size Acres: 0.16
Lot Size Source: PublicRecords
Lot Size Square Feet: 6970

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 6
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2

Gross Income: 144000
Tenant Pays: Electricity, Gas

Community Features: DeckPorch

Annual Tax Amount: 587.6
Source Listing Status: Active
County: Bernalillo
Directions: South on 8th St. from Central, East on Iron to property.
Source Property Type: ResidentialIncome
Parcel Number: 101405705927520204
Postal City: Albuquerque
Postal Code Plus 4: 3825
Zoning Description: R-MH
Property Subtype: MultiFamily
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $5,066
$5,066
$275
2021$unknown + $5,066
$5,066
$275
2020$unknown + $5,066
$5,066
$275
2019$unknown + $5,066
$5,066
$275
2018$2,800 + $6,599
$9,399
$448
2017$13,559 + $8,014
$21,573
$926
2016$13,164 + $7,780
$20,945
$893
2015$12,781 + $7,554
$20,335
$2,334
2014$12,409 + $7,334
$19,743
$1,301
2013$36,147 + $21,364
$57,511
$799
2012$35,095 + $20,742
$55,837
$2,490
2010$34,073 + $20,138
$54,211
$700
2008$31,183 + $18,431
$49,614
$638
2008$33,081 + $19,552
$52,633
$638
2007$30,275 + $17,895
$48,170
$617
2006$29,394 + $17,374
$46,768
$576

Price Changed 2022-08-07
$1,800,000
SouthwestMLS
Listed 2021-10-20
$2,000,000
SouthwestMLS
Sold 2021-09-29
$0
SouthwestMLS
Listing removed 2020-06-09
$125,000
SouthwestMLS
Price Changed 2019-04-11
$150,000
SouthwestMLS
Listed 2019-04-04
$199,000
SouthwestMLS
Sold 2017-07-14
$0
SouthwestMLS
Price Changed 2017-05-30
$119,950
SouthwestMLS
Listed 2017-05-05
$129,900
SouthwestMLS

Total Square Feet Living: 6148
Builder Name: Sierra Hacienda Builders
Building Area Source: Plans
Building Area Total: 6148
Construction Materials: Frame, Stucco
Levels: ThreeOrMore
Living Area Source: Plans
New Construction: Yes
Property Condition: ToBeBuilt
Levels or Stories: 3
Building Total Stories: 3

NaturalGasConnected

Dolores Gonzales Elementary School is a public elementary school located approximately 0.3 miles away.
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Washington Middle School is a public middle school located approximately 0.5 miles away.
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Albuquerque High School is a public high school located approximately 1.6 miles away.
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St Mary's School is a private elementary and middle school located approximately 0.4 miles away.
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unknownfloor_plan

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.