$495,000

404 1st Street

Magdalena NM, 87825

Description

The Western Hotel consists of 6 rooms. 5 rooms have 2 beds, fridge, small appliances for the convenience of the people staying overnight, and a 3/4 bath. 1 unit has a kitchenette off the bedroom, and has 2 separate access doors. The main house has so much potential for additional income stream. Two of the three bedrooms have been rented out in the past, and the house could be a fantastic Bed & Breakfast, event space, or primary home for additional income potential.RV Park consists of 12 to 14 extra large space, with community water, city sewer, electricity, & satellite connection. Spaces rent between $25.00 to $35.00 per night, but has the potential for higher rates. The main house consists of 1854 sq.ft. with 3 bedrooms, a large dining room, and country kitchen.

Details

MLS#977206
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Days On Site75

Features

Bed(s)3
Bath(s)2
SQ Feet3,800
Story(s)1
Acreage0.73
Loading Form
Loading Form
Area Information
StateNM
CountySocorro
CityMagdalena
Zip Code87825
Area621 - South Socorro
Listing VS Median (in 87825)
Price:
$495,000
low | high
Med:
$54,000
100% of Average
SqFt:
3,800
low | high
Med:
0
100% of Average
$ / SqFt:
$130
low | high
Med:
$0
100% of Average
On Site:
75
low | high
Med:
502
14.940239043825% of Average
Listing Updated: November 27, 2020 3:11:27 PM PST
Listing Provided By: Melanie Davis of Coldwell Banker Legacy
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Greater Albuquerque Association of REALTORS®.