313-315 Iron Ave SW

Highlights:

• Great downtown location
• Amazing patio/outdoor area
• Functional building layouts
• Buildings are in good condition
• Strong market for multifamily properties

Description:

Explore an exceptional investment opportunity at this 5,603 SF building on 313-315 Iron Ave. SW. With 9 units and 100% occupancy, this property offers a highly desirable multifamily investment in the vibrant Albuquerque market. The functional building layouts, along with the MX-L zoning, present a strong potential for a low-rise/garden-style property transformation. Situated in a good downtown location, this property is well-positioned to leverage the strong market for multifamily properties in the area. With the buildings in fair condition, investors have the opportunity to enhance and unlock the full potential of this prime real estate asset.

Discover the culturally rich neighborhood surrounding 313-315 Iron Ave SW in Albuquerque, NM. This central location offers easy access to popular destinations such as the Historic Old Town, home to charming adobe buildings, local shops, and lively restaurants. Investors will appreciate the area's proximity to top cultural attractions, including the Albuquerque Museum and the Rio Grande Zoo. The property's strategic position near the downtown area provides residents with a dynamic urban lifestyle, with numerous dining, entertainment, and employment opportunities just steps away. With its mix of historic charm and modern amenities, the area presents an exciting opportunity for multifamily and high-rise investors seeking to leverage the city's unique appeal.

The subject property has municipal water and sewer available, as well as natural gas and electrical services.

There is a single-family residence on-site that consists of two stories. The 2nd story has been used as an apartment. The first story is approximately 1,482 square feet and the second story is approximately 796 square feet.

There is a four-plex on the east side of the property that is approximately 2,124 square feet.

The third building on the west side of the property is an adobe stucco, pueblo style triplex that is approximately 1,211 square feet.

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