804 Iron Ave SW
Albuquerque, NM 87102
The Iron House · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Fully rehabbed for low capital expenses for years to come
- Great location, 2 blocks from the zoo, parks, free gym, and close to the restaurants, bars, and coffee shops in downtown
- Granite countertops, new kitchens, and durable laminate flooring throughout
Property Facts
| No. Units | 6 | Building Size | 3,300 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1920/2019 |
| Building Class | C | Parking Ratio | 1.52/1,000 SF |
| Lot Size | 0.10 AC | ||
| Zoning | MX-T | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 3,300 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2019 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | MX-T |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Garden
About 804 IRON AVE SW , ALBUQUERQUE, NM 87102
Turn-key, completely rehabbed beautiful multifamily apartment in downtown Albuquerque! New water, sewer, power, gas, stucco, doors, windows, keypad entry, and HAVC & mini-split systems. 5 units have private yards, with 5 off-street parking spaces with an electronic sliding gate for security. 2 units have laundry in-unit, and a shared laundry serves the other 4 units. Enjoy limited capital expenses and low management costs as well as easy to maintain landscaping in this great investment opportunity. 4 units rented on annual commercial leases, subleased by an unaffiliated housing business for medium term furnished leases. 1 unit in a long-term lease at $1025/mo, one in a short-term lease at $1050/mo. With a walk score of 84, the property is located two blocks from the zoo, from a great park, and from a community center with a gym, basketball, and tennis courts, as well as walking distance to all the restaurants, pubs, and coffee shops downtown, this property is ideal for anyone who wants to explore the heart of Albuquerque.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,050 | - |
| 1+1 | 5 | $1,050 | - |
Property Taxes
| Parcel Number | 1-013-057-515266-4-34-08 | Improvements Assessment | $39,152 |
| Land Assessment | $8,195 | Total Assessment | $47,347 |
Property Taxes
