New Mexico Investment Property For Sale

Are you seeking a lucrative investment opportunity in New Mexico? Look no further than 615 Iron Avenue SW, Albuquerque, NM 87102. This stunning investment property offers a CAP rate of 7.5%, ensuring impressive returns. The property comprises six 3-story units, each with 2 bedrooms and 2 baths. These units boast modern finishes and top-of-the-line appliances, making them highly desirable to potential tenants.

Investing in this property gives you the chance to own a piece of real estate in one of the most thriving markets in New Mexico. The property is conveniently located, giving easy access to all the local amenities and attractions. With a strong rental market in the area, you can be assured of consistent cash flow and solid returns on investment.

The property offers a total of 6 units, each with a market rent of $2,200, giving a total rental income of $13,200 per month. With a CAP rate of 7.5%, the property is expected to generate an annual net operating income of $118,800. The units are already leased out, meaning that as an investor, you can start earning rental income from the first day.

There are many benefits to investing in this property, including tax advantages, passive income, and long-term wealth creation. Investing in real estate is a smart move that can provide a stable and consistent return on investment.

Don’t miss out on this great investment opportunity. Contact us today to schedule a viewing and take the first step towards owning a sound investment property.New Mexico Investment Property For Sale