USANMAlbuquerqueRaynolds Addition1305-1303-1305 Iron Ave Sw

1305-1303-1305 Iron Ave Sw, Albuquerque, NM

Name: 1305 - 1303-1305 Iron Ave Sw, For Sale in Albuquerque - Zoocasa
Brand: Maestas Real Estate Services
SKU: 1109233
Price: 275000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$275,000

110

MLS® 1109233

Overview

Key Facts

Type Duplex

Levels Residential Income

Size 1128 sqft

Garage No

Taxes $2,649

Days Active 11

Lot Size 0.1599999964237213 Acres

Approx. Age 1920

Avg. Price Per Sqft $243

MLS® Number 1109233

Property Address: 1305-1303-1305 Iron Ave Sw, Albuquerque, NM, 87102-3757

Average square foot calculated using Size range provided by listing agent.

Description

Both units are tenant occupied. Property tours will be held for pre-qualified buyers only on August 22nd and August 29th from 1-3 pm. Located just minutes from Downtown Albuquerque and Old Town, the property is within walking distance of Rio Grande Pool, Rio Grande Park, the ABQ BioPark Zoo and nearby neighborhood amenities. It also offers convenient bicycle access to Downtown, Old Town Plaza and the extensive trail system along the Bosque and Rio Grande.Offered at $275, 000, or $137, 500 per unit, the property provides an attractive entry point into Albuquerque's multifamily investment market. Current underwriting reflects a 6.19% cap rate, with projected rent growth providing additional upside.The property features two one bedroom/one bathroom units. The extra lot contains 0.1618 acres with alley access and space for additionalbuilding(s).Do not wait, apartments continue to show strong appreciation coupledwith high rent growth potential from all of the new Amazon, Facebook, Intel, and Netflix jobs entering the market.

MLS® Number1109233

Laundry Level

Central VacNo

FireplaceNo

Acreage0.16

Exterior

GarageNo

Approx. Age1920

Basement

Driveway

Garage Spaces

HeatWall Furnace

A/C

Extras

Map

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