1303-1305 Iron AVE SW, Albuquerque, NM 87102
1303-1305 Iron AVE SW, Albuquerque, NM 87102
1303-1305 Iron AVE SW, Albuquerque, NM 87102
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Listed by Maestas Real Estate Services
$275,000
Est. payment /mo
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1 Bed
1 Bath
1,128 SqFt
New

1303-1305 Iron AVE SW Albuquerque, NM 87102

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EXIT Realty Vista

EXIT Realty Vista

+1(505) 505-3948

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,128 sqft

Price per Sqft $243

Subdivision Raynolds Addition

MLS Listing ID 1109233

Bedrooms 1

Construction Status Resale

HOA Y/N No

Year Built 1920

Annual Tax Amount $2,648

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions Public Records

Property Sub-Type Duplex

Property Description

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.

Location

State NM

County Bernalillo

Area 80 - Downtown Area

Interior

Heating Wall Furnace

Flooring Vinyl

Fireplace No

Appliance Free-Standing Gas Range, Refrigerator

Exterior

Community Features Storage Facilities

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Accessibility None

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101305734131510703

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

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EXIT Realty Vista

EXIT Realty Vista

REC-2024-0082

+1(505) 505-3948

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1303-1305 Iron AVE SW