93 Catwalk Rd Glenwood, NM 88039

This charming 8-casita hotel, nestled near the Gila National Forest in Glenwood, New Mexico, presents a unique investment opportunity. Built in 1901, the property includes six RV spaces and boasts a prime location near the popular Glenwood Catwalk, a destination attracting 3,000-4,000 vehicles per summer weekend. The casitas offer a variety of configurations, including two-bedroom, one-bathroom units with kitchens, and studio units with varying amenities. One casita is a historic adobe home, offering potential for owner occupancy. The property has been meticulously maintained and enjoys an exceptional reputation, evidenced by its Airbnb Superhost status and a 4.9-star Google rating based on 307 reviews. Financial records from 2023 indicate a net operating income of $141,884, resulting in a capitalization rate exceeding 10%. The property is being offered for $1,390,000, with cash or conventional financing only. This turnkey operation provides a blend of historical charm and strong financial performance in a desirable location, ideal for an investor seeking a high-return hospitality asset. The property is located at 93 Catwalk Road, Glenwood, NM 88039, and benefits from its proximity to abundant outdoor recreational opportunities, including hiking and biking trails. Taxes for 2023 show $203,461 in income and $61,577 in expenses. This is a dark sky area.