18645 County Road 501

Description

Seller Financing, 10,000 square feet 15 bedrooms & 14 baths, Lodge and Cabins for sale. Previously an Orvis Endorsed fly fishing lodge and operated for many years as a portion of the Wits End Guest Ranch resort and spa, this is an amazing opportunity for someone who is looking for a nice rental portfolio with various options to purchase and room to expand at the best location on Vallecito Lake. Ideally, the entire Cabin and Lodge will sell together which will be a total of 15 rentable units. Long term rentals or AirBnB.The rental cabin mixes between 1,2,3 bedrooms with fireplaces, full kitchens, covered decks, and some have 1 or 2 baths. The main lodge is a 6 bed /6 bathroom cabin and +/- 3,000 sq ft. The list price for all the cabins has a gross cap rate based on $2,595,000.00 of 9.5% cap rate . SELLER financing no qualifying will buy this value add opportunity for $795,000 down with excellent terms. Water flowing through the property, a pond, and close access to Vallecito lake this would also make a fabulous investment opportunity for someone who wants to love where they work and live! This is a simple business operation and some cabins are already rented until May. Inquire with agent for the full proforma. Property is also being sold with just the main lodge 13 units and 9 baths for $1,995,000.