Sharon Pace Ward - Coldwell Banker Distinctive Properties
10 Falls Creek Road
Chama, NM 87520

Description

INCOME PROPERTY - Currently used as cabin rental business but also makes for a perfect hunting lodge for outfitters. Brazos Lodge is a very popular cabin rental property in the picturesque Rio Brazos river valley, just below the Brazos Cliffs and steps away from the trout-filled Rio Brazos. The property has a Chama, NM address and is about a 20 minute drive to downtown Chama. The 2+ acre property features 4 rental cabins which offer the feeling of rustic mountain living but in a very well-maintained set of buildings. The 4 cabins vary from one bedroom 1 bathroom to two bedroom and two bathroom. The property has a main lodge, with a large lobby, kitchen and dining area, and a well-stocked store filled with all of the supplies a guest could need for a great mountain vacation. The retreat also features a nostalgic 1960's era mobile home which has been very well preserved and can be another rental option or a residence for a caretaker. This mobile home has been encompassed in a structure providing overhead shelter and a wooden porch the length of the home. The charming structure is a delight for many with it's wooden interior and working vintage appointments. The property has a very long track record of positive cash flow and multiple revenue streams. There are also property management contracts for surrounding rental properties that can be conveyed with the purchase as well. These would be subject to negotiation and the buyer's ability to perform the property management duties. These contracts bring a robust and dependable revenue stream to the owners as well.

Details

MLS#748792
Sub-TypeResale
StatusActive
Days On Site137

Features

SQ Feet4,500
Story(s)1
Units5
ZoningCommercial

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Area Information

StateNM
CityChama
Zip Code87520
AreaOut Of State
Listing VS Median (in 87520)
Price:
$875,000
low | high
Med:
$875,000
50% of Average
SqFt:
4,500
low | high
Med:
4,500
50% of Average
$ / SqFt:
$194
low | high
Med:
$194
50% of Average
On Site:
137
low | high
Med:
136
100% of Average
Listing Updated: 12/16/2018
MLS Number: 748792
Listing Provided By:
Travis Driscoll  of  Galles Properties



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