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Courtesy: Re/max Pinnacle
  • Price:

    • $1,175,000

  • Listing #:
    • 733378
  • Class:
    • Multi-Residential
  • Type:
    • Other
  • Status:
    • Active
  • Units:
    • 9
  • Apx. Acres:
    • 3.47
  • Apx. Sqft.:
    • 9900
  • Lot Size:
    • 2-4.99
  • Year Built:
    • 1958
  • Elementary:
    • Bayfield K-5
  • Middle School:
    • Bayfield 6-8
  • High School:
    • Bayfield 9-12
  • Address:
  • City:
  • County:
    • La Plata
  • Area:
    • Vallecito
  • State:
    • CO
  • Zip:
    • 81122

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Description

Silver Streams Lodge and Guest Cabins--This beautiful property consists of a classic log lodge, and 5 separate cabins with a total of 9 separate units, on 3.47 acres. This property was at one time used as a summer resort getaway, but is now primarily used as monthly rentals. The Lodge has previously housed a restaurant- now this building has been converted into 2 rental units (but could easily be converted back to its former use). There are (2) cabins that are duplexes, each unit is 1 bedroom/1 bath. There are (2) large 2 bedroom/ 1 bath cabins. There is also a 3 bedroom/2 bath unit. This property is in a prime Vallecito location, close to the Lake, with good mountain views, and good County Road frontage. There is a large fishing pond on the property, that has been stocked yearly with trout- which has provided substantial additional income in past years. There is additional space for at least one more cabin, with a foundation and utilities already in place. The water well is actually a decreed water system- Silver Streams Well #1. Case # W1639. This water system not only services these 9 units, but also services 6 other nearby cabins for additional income. There may be an option to purchase one or more of these cabins in the future. There may also be an option to create several RV parking spaces if desired. These cabins are rarely vacant, and this property provides good cash flow, with potential to create more income in a variety of ways. Seller financing is available.
  • Building Details
    • Multi Story:
      • - No
    • Roof:
      • - Metal
    • Foundation/basement:
      • - Crawl Space
    • Siding:
      • - Log
    • Flooring:
      • - Wood
    • Fireplaces:
      • - Living Room
    • Interior Inclusions:
      • - Window Coverings
    • Appliance Inclusions:
      • - Range / Oven
      • - Refrigerator
  • Square Footage
    • Price Per SQFT:
      • - $118.69
    • List Price/Sqft:
      • - $118.69
  • Property Details
    • Property Description:
      • - Borders Public Land
    • Zoning:
      • - Residential Multi Family
    • View:
      • - Mountains
      • - Stream / River
    • Garage Y/n:
      • - No
    • Parking:
      • - 10-20 Total Spaces
      • - 2 Per Unit
    • Horse Setup:
      • - No
    • Water Front:
      • - Yes
    • Waterfront:
      • - Pond
  • Eco-Friendly Details
    • Green Certification Y/n:
      • - No
  • Income and Expenses
    • Gross Scheduled Income $:
      • - 103050
    • Net Operating Income $:
      • - 87398
    • Gross Annual Expenses $:
      • - 13591
    • Landlord Pays:
      • - Building Insurance
      • - Real Estate Taxes
      • - Ext Maintenance (bldg)
      • - Water / Sewer
      • - Trash
      • - Snow Removal
    • Tenant Pays:
      • - Electric
      • - Gas
    • Total Taxes $:
      • - $3,100.36
    • Tax Year:
      • - 2,017.00
  • HOA Details
    • Hoa Y/n:
      • - No
  • Utilities
    • Water Well:
      • - No
    • Domestic Water/sewer:
      • - Well
      • - Septic
    • Heating:
      • - Propane
      • - Fireplace / Stove
    • Water Rights/irrig.:
      • - No
  • Miscellaneous
    • Covenants Y/n:
      • - Yes
    • Special Assemnt Y/n:
      • - No
    • Possession:
      • - Upon Funding And Closing
    • Available For Auction:
      • - No
Nearby Listings
8.18 Mi.

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 2,104 ft²
  • Re/max Pinnacle

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

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