• Price:

    • $895,000

  • Listing #:
    • 744612
  • Class:
    • Commercial
  • Type:
    • Multi-use W/res
  • Status:
    • Active
  • # of Units:
    • 9
  • Apx. Acres:
    • 2.80
  • Apx. Sqft.:
    • 7788
  • Year Built:
    • 1958
  • Water Front:
    • Water Property,
  • Address:
    • 18645 CR 501
  • City:
  • County:
    • La Plata
  • Area:
    • Vallecito
  • State:
    • CO
  • Zip:
    • 81122

Description

Nine rental's projected to gross over $100,000 with a 10% cap rate this year. There is an exceptional opportunity to restore the fabulous mountain retreat and give it new life and a new direction all while generating a good return and quickly capturing unrealized equity. The property needs a little work but the upside will be well worth it for the right person. The property is located very close to Vallecito Reservoir and the Weminuche Wilderness. It was at one time an Orvis fly fishing lodge and has tons of potential in the VRBO market, long term rental market, or ran again as a lodge and restaurant. Come take a look at one of Colorado's hidden treasures.

For more information on this listing, please contact...

  • Building Details
    • # Floors:
      • - 1 & 2
    • Presentuse:
      • - Monthly Cabin Rentals
    • Roof:
      • - Metal
    • Foundation:
      • - Other
    • Flooring:
      • - Vinyl
      • - Wood
      • - Carpet
    • Inclusions:
      • - Furniture
      • - Propane-tank Leased
    • Furn/fixt/equip:
      • - All Cabins Are Furnished
    • Fixtures Included:
      • - No
  • Square Footage
    • List Price/Sqft:
      • - $114.92
    • Finished SF:
      • - 7,788.00
  • Property Details
    • Lotsizedim:
      • - Irregular
    • Lot Size/acerage:
      • - 2-4.99
    • Property Description:
      • - Wooded Lot
      • - Corner
    • Current Property Use:
      • - Lodging
    • Possible Property Use:
      • - Bar / Lounge
      • - Convenience Store
      • - Lodging
      • - Mixed-use
    • Parking:
      • - Off Street
      • - Gravel
      • - 10-20 Total Spaces
    • Railroad Siding:
      • - No
    • Water Rights/irrig.:
      • - No
    • Waterfront:
      • - Pond
      • - Seasonal Stream / Spring
    • Zoning:
      • - Mixed Use
    • Zoning:
      • - Residential / Commercial
  • Income and Expenses
    • Gross Scheduled Income $:
      • - 112000
    • Net Operating Income $:
      • - 83000
    • Gross Annual Expenses $:
      • - 28000
    • Lease Included:
      • - Yes
    • Landlord Pays:
      • - Building Insurance
      • - Real Estate Taxes
      • - Common Area Maintenance
      • - Snow Removal
      • - Sewer / Water
    • Tenant Pays:
      • - Electric
      • - Gas
      • - Trash
    • Vacancy Factor Prcnt:
      • - 3
    • Cap Rate Percent:
      • - 10
  • HOA Details
    • Owners Association(oa):
      • - No
  • Utilities
    • Available Utilities:
      • - Sanitary Sewer
      • - Water
    • Exsting Utilities:
      • - Water
      • - Electric
      • - Propane-tank Leased
    • Total # Electric Meters:
      • - 6
    • Domestic Water:
      • - Water Installed
      • - Well-other
    • Total # Water Meters:
      • - 1
    • Water Well:
      • - No
    • Heating Fuel/source:
      • - Propane
      • - Wood
    • Heating System:
      • - Space Heater
      • - Fireplace
  • Miscellaneous
    • Inventory Included:
      • - Yes
    • Total Taxes $:
      • - $2,794.64
    • Tax Year:
      • - 2017
    • Special Assemnt Y/n:
      • - No
    • Real Estate For Sale:
      • - Yes
Nearby Listings
0.85 Mi.

85 Ponderosa

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 0 ft²
  • Keller Williams Realty Southwest Associates, Llc

For more information on this listing, please contact...