516 Austin St Truth or Consequences, NM 87901

This unique investment opportunity in Truth or Consequences, NM, presents a fully remodeled historic hotel and spa. The property boasts 5,528 square feet situated on a 0.413-acre lot in the Hot Springs Bathhouse and Commercial Historic District (listed on the National Register of Historic Places in 2005). The hotel features three distinct revenue streams: a recently reopened hot springs facility, a five-unit inn offering short-term rentals (four suites and one room, opening late September 2024), and seven residential units for long-term rentals (four one-bedroom units and three studio apartments). The inn's short-term rental units and the long-term residential units are slated to open late September 2024. The property includes a total of 12 keys, providing ample accommodation options for guests and residents. This turnkey operation offers a blend of established and soon-to-open revenue streams, making it an attractive investment in a vibrant historic district. The property's location within the historic district provides significant potential for tourism-related income. This is a rare chance to own a piece of New Mexico history with significant income potential. The property's recent renovations ensure a modern and comfortable experience for guests and residents alike. The combination of hot springs, short-term rentals, and long-term rentals provides a diversified income stream, mitigating risk and maximizing return on investment.