Amazing location and excellent potential! The land, buildings and business are included in this sale. This under managed business has consistently grossed $125,000 each year at 30% occupancy, with matching expenses and depreciation for tax purposes. Lots of potential especially as other nearby buildings such as the Tewa Lodge have undergone renovation and the City of Albuquerque is seeking to improve this corridor. Additional income streams can be accomplished by adding a laundry room, vending machines, increasing hours and adding an online reservation system. - Parking description: Parking is located directly in front of the ground floor rooms, as well as to the front and rear of the U-shaped buildings. - Area description: The City of Albuquerque has targeted this area for improvements. The area has enjoyed great new growth to the east near Eubank and to the west with the new casino at the racetrack. It is conveniently located on the Central bus line. - Number of buildings: 2 - Number of units: 29 - Building condition: Average
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