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20347074
20347097

93 Catwalk Road, Glenwood, NM 88039

New Mexico West Properties
Listed by New Mexico West Properties
$1,345,000
601 days on market
Updated 424 days ago

93 Catwalk Road

Details
Property Type Hospitality
Sub Type Hotel
Year Built 1901

Hospitality

Marketing description

THE DOUBLE T CATWALK RESORT OFFERS 8 GUEST CASITAS AND 6 RV SPACES CLOSE TO THE GLENWOOD CATWALK. NESTELD NEAR THE GILA NATIONAL FOREST AND ONLY A 5 MINUTE DRIVE TO THE CATWALK. A DESTINATION WHICH HAS 3000-4000 VEHICLES PER SUMMER WEEKEND. CASITAS 1 & 2 ARE 2 BEDROOM & 1 BATH & KITCHEN AND ARE IDENTICAL. CASITAS 3 & 4 ARE STUDIO 2 BEDS & 1 BATH & KITCHEN, ALSO IDENTICAL. CASITAS 4 & 5 ARE STUDIO 2 BEDS & 1 BATH & KITCHENETTE, ALSO IDENTICAL. CASITA 7 IS A STUDIO 1 BED & 1 BATH & KITCHEN NESTELD ON A HILL. CASITA 8 IS THE ORIGINAL ADOBE HOME BUILT IN 1901, 2 BEDROOMS & 1 BATH & KITCHEN (POTENTIAL OWNER HOME?) THIS THRIVING BUSINESS PROVIDES AN OPPORTUNTY TO OWN A PIECE OF HISTORY AS WELL. THE ORIGINAL HQ CASITA WAS BUILT IN 1901 AND HAS BEEN IN THE FAMILY EVER SINCE. ALL CABINS AND GROUNDS HAVE BEEN EXQUISITELY MAINTAINED. AN ABSOLUTE CHARMING VENUE THAT PROVIDES GUESTS WITH A UNIQUE NEW MEXICO EXPERIENCE. AIR BnB SUPERHOST !! GOOGLE 4.9 STAR RATING WITH 307 REVIEWS, (CHECK IT OUT). DARK SKY AREA. PLENTY OF HIKING, BIKING & EXPLORING. PER 2023 TAXES $203,461 INCOME AND $61,577 EXPENSES - $141,884 IN NET OPERATING INCOME. THIS PROVIDES A 10%+ CAPITALIZATION RATE. CASH OR CONVENTIONAL SALE ONLY - NO SELLER FINANCING.
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New Mexico West Properties
Listed by New Mexico West Properties

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