• Price:

    • $895,000

  • Listing #:
    • 745520
  • Class:
    • Multi-Residential
  • Type:
    • Other
  • Status:
    • Active
  • Units:
    • 9
  • Apx. Acres:
    • 2.80
  • Apx. Sqft.:
    • 7788
  • 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

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
    • Multi Story:
      • - Yes
    • Style:
      • - Cabin
    • Roof:
      • - Metal
    • Foundation/basement:
      • - Other - See Remarks
    • Flooring:
      • - Carpet
      • - Wood
      • - Vinyl
    • Interior Inclusions:
      • - Furnished-see Remarks
  • Square Footage
    • Price Per SQFT:
      • - $114.92
    • List Price/Sqft:
      • - $114.92
  • Property Details
    • Lotsizedim:
      • - Irregular
    • Property Description:
      • - Wooded
      • - Corner
    • Zoning:
      • - Residential Multi Family
    • Garage Y/n:
      • - No
    • Parking:
      • - Off Street
      • - Gravel
      • - 10-20 Total Spaces
    • Horse Setup:
      • - No
    • Water Front:
      • - Yes
    • Waterfront:
      • - Pond
      • - Seasonal Stream / Spring
  • Eco-Friendly Details
    • Green Certification Y/n:
      • - No
  • Income and Expenses
    • Gross Scheduled Income $:
      • - 112000
    • Net Operating Income $:
      • - 83000
    • Gross Annual Expenses $:
      • - 28000
    • Landlord Pays:
      • - Building Insurance
      • - Real Estate Taxes
      • - Common Area Maintenance
      • - Water / Sewer
      • - Snow Removal
    • Tenant Pays:
      • - Electric
      • - Gas
      • - Trash
    • Total Taxes $:
      • - $2,794.64
    • Tax Year:
      • - 2,017.00
  • HOA Details
    • Hoa Y/n:
      • - No
    • Hoa Inclusions:
      • - Water
  • Utilities
    • Total # Electric Meters:
      • - 6
    • Water Well:
      • - No
    • Total # Water Meters:
      • - 1.00
    • Domestic Water/sewer:
      • - Well
    • Heating:
      • - Propane
      • - Wood
      • - Propane Tank Leased
      • - Space Heater
      • - Fireplace / Stove
    • Water Rights/irrig.:
      • - No
  • Miscellaneous
    • Covenants Y/n:
      • - Yes
    • Special Assemnt Y/n:
      • - No
    • Cap Rate Percent:
      • - 10
Nearby Listings
1.19 Mi.

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 3,628 ft²
  • Judy Sipe, Ib

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