Hacienda Vargas

Hospitality for Sale
Catylist Listing ID: 30150602
Property Subtypes: Bed & Breakfast, Hostel
Number of Units: 8 Units
Building Size (RSF): 6,575 SF
Gross Building Area: See Agent
Gross Land Area: 1.17 SF
Sale Price: $599,000
Unit Price: $74,875 Per Unit
Property Use Type: Investment, Business
Building Name: Hacienda Vargas
Name of Establishment: Hacienda Vargas
Sale Terms: Cash to Seller
Cap Rate: 7.75%
Last Updated: 11/9/2017

Overview / Comments

Great B & B with history and built up clientele. There are two structures, the main house which is 4889 sq ft and the guest casita which iw 1567 which could also serve as owner's quarters. Lovely grounds and old adobe which has been renovated. Wedding and event business is large percentage of income leaving room to grow the B & B business and increase income.

Attachments & Media

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $2,963 (Annual)
Tax Value Land $50,571
Tax Value Improvements $232.59
Assessed Value - Total($) $284,139 (Annual)
Actual or Proforma Year Actual
Net Operating Income $46,435 (Annual)
Potential Rental Income $108,058 (Annual)
Gross Operating Income $135.89 (Annual)
Lender Name Sandia Credit Union

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Taxing Authority: Sandoval County
Tax ID/APN: 02457982-003
Zoning: CONDITIONAL USE AS B & B
Retail Clientele: General, Family, Tourist, Recreation
Property Located Between: Albuquerque and Santa Fe
Property Visibility: Excellent
Largest Nearby Street: Highway 313

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,578 10,465
Median Age: 28.72 41.88
Households: 768 3,556
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