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Motel for Sale
Carrizozo, New Mexico
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Property Description
The Motel for sale is located on the northeast side of Carrizozo. Carrizozo is located in South Central New Mexico.
Nestled in the shadows of the beautiful Sacramento mountain range at the northern edge of the Tularosa Basin, residents and visitors alike enjoy the pleasant climate of the high desert, yet are less than an hour from the tall pines and skiing areas of the Lincoln National Forest. |
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Area Attractions:
- Valley of Fires Lava Flow – located just a few miles west of Carrizozo, this flow occurred 1500 years ago. Follow the self-guided trail through the flow to see the amazing lava formations.
- White Mountain Wilderness Area – Wilderness hiking and backpacking
- Lincoln National Forest – Covering a good portion of Lincoln County
- Salinas Monument – Three Spanish missions and Pueblos
- Capitan Wilderness Area – Wilderness hiking, backpacking and hunting.
- Three Rivers Petroglyph Park – 20,000 images along a one-mile trail
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| THE PROPERTY: The property was closed for renovations and reopened in March 2004. The property construction is of frame and stucco with brick veneer. It has a pitched asphalt shingle roof. Electrical work has been upgraded to code. |
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The Chaparral Motel received the following new items:
- Water heaters with circulating pump
- Moen faucets
- Elgin commodes
- New sinks
- New counter tops – Formica
- New carpet
- New furniture (one-year old)
- Dual pane windows
- Steel doors (key not electronic)
- Blackout curtains
- Smoke alarms-battery operated
- Property painted inside and out
- New washers and dryers
- New bed lamps
- New linens
- New A/C-Amana
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Room Configuration:
- Double Queen: 15
- Queen: 2
- King: 3
- Total: 20
The Manager's apartment is two-bedroom one bath with tub and shower and living area. It has a new refrigerator, stove, cabinets and dinette set. |
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Financial Summary
| Price |
$350,000 |
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| Number of Units |
21 |
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| 12 Months Ending |
12/2010 |
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| Room Revenue |
$106,310 |
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| Total Expenses |
$58,868 |
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| Net Income, owner managers |
$47,442 plus living quarters |
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| Manager expense if non owner-op |
$26,500 plus living quarters |
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| Net Income, employee managed |
$20,942 |
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