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 $800,000Appraisal $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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0BEDS
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0.5ACRES
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0BATHS
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01/2 BATHS
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 $800,000Appraisal $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
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 Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2023-06-08T15:05:07.173.
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Listing courtesy of Coldwell Banker Legacy: (505) 292-8900. © 2023 Southwest Multiple Listing Service, Inc.