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203 Manzanares Avenue

Socorro, NM 87801
  • $750,000
  • STATUS: Active
  • ON SITE: 285 Days
  • MLS #: 1026977
UPDATED: 191 min ago
$750,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

The historic Val Verde Hotel nestled in Socorro.The hotel has a interior beautiful court yard, 77 doors and each room is unique, just like the hotel. Rooms have recently been rented as Airbnb's. The hotel is complete with kitchen, restaurant and lobby. There is currently damage to the restaurant that will need repair before hotel can be fully operational. There are numerous commercial office spaces on the lower level that can be leased, See floorplan. Two additional small homes in need of some work also convey. A great investment property with huge upside!Selling $750,000Appraisal $1,200.000Repairs $190,000Equity $300,000Total Current RevenueMonthly $10,450Annual $125,400Repairs to plumbing $30,000Roof $100,000Heating/Cooling $60,000Total in repairs $190,000

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IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Buchman Group | Keller Williams Realty. Data last updated: 2023-09-27T00:05:26.823.
www.mynmdreamhome.com/homes/135433722
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203 Manzanares Avenue Socorro, NM 87801

  • Price: $750,000
  • Status: Active
  • On Site: 285 Days
  • Updated: 191 min ago
  • MLS #: 1026977
0
Beds
0
Baths
0
½ Baths
0.5
Acres
Neighborhood:
620 - North Socorro
County:
Socorro
Area:
620 - North Socorro
Property Description
The historic Val Verde Hotel nestled in Socorro.The hotel has a interior beautiful court yard, 77 doors and each room is unique, just like the hotel. Rooms have recently been rented as Airbnb's. The hotel is complete with kitchen, restaurant and lobby. There is currently damage to the restaurant that will need repair before hotel can be fully operational. There are numerous commercial office spaces on the lower level that can be leased, See floorplan. Two additional small homes in need of some work also convey. A great investment property with huge upside!Selling $750,000Appraisal $1,200.000Repairs $190,000Equity $300,000Total Current RevenueMonthly $10,450Annual $125,400Repairs to plumbing $30,000Roof $100,000Heating/Cooling $60,000Total in repairs $190,000
Exterior Features

Construction Materials AdobeBrickBrickveneerBlock Parking Total 12 Road Surface Type Paved Stories Total 2

Interior Features

Cooling Windowunits Cooling YN No Heating Hotwater Heating YN Yes

Property Features

Building Area Total 21780 Gross Income 220000 Land Lease YN No Leasable Area 0 Lease Considered YN No Listing Agreement Exclusiverighttosell Listing Terms CashConventional Operating Expense 109480 Property Sub Type Mixeduse Tax Annual Amount 11258.4 Utilities CableavailableElectricityconnectedNaturalgasconnectedWateravailable Water Source Communitycoop Zoning Description C-1

Southwest MLS] logo Listing courtesy of Coldwell Banker Legacy: (505) 292-8900. © 2023 Southwest Multiple Listing Service, Inc.


IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Buchman Group | Keller Williams Realty. Data last updated: 2023-09-27T00:05:26.823.
 
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The Buchman Group | Keller Williams Realty
6703 Academy Rd NE
Albuquerque NM, 87109