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18645 County Road 501

Vallecito Lake/Bayfield, CO 81122
  • $2,595,000
  • STATUS: Active
  • ON SITE: 101 Days
  • MLS #: 790211
UPDATED: 67 min ago
$2,595,000
  • 0
    BEDS
  • 4.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,200
    SQFT
  • $232
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1958
County:
Area:

School Ratings & Info

Listing courtesy of Blackmore Group.


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.

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Western Slope Real Estate contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-05-17T12:56:48.313.
www.lovewhereyouliveco.com/homes/125379090
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18645 County Road 501 Vallecito Lake/Bayfield, CO 81122

  • Price: $2,595,000
  • Status: Active
  • On Site: 101 Days
  • Updated: 67 min ago
  • MLS #: 790211
0
Beds
0
Baths
0
½ Baths
4.33
Acres
11,200
SQFT
$232
$/SQFT
1958
Built
Neighborhood:
Silver Streams
County:
La Plata
Area:
Vallecito
Property 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.
Exterior Features

Acreage Range 5-9.99 Carport No Lot Dimension Multiple Parking Gravel20 + Total SpacesCommon Property Description Wooded LotCorner Roof CompositionMetal Sewer Septic System Stories N/A Street Description CountyPaved Water Well Or Cistern Installed Water Well Yes Waterfront CreekPond Waterfront YN Yes

Interior Features

Finished Sq Ft 11200 Flooring CarpetVinyl Foundation Basement-Unfinished Heating Fuel Source PropaneWood Heating System FireplaceSpace Heater Lighting FluorescentIncandescent One Quarter Baths 0 Total Offices 0

Property Features

Available Utilities ElectricPhonePropaneSanitary SewerSepticWater Books Available No Cam No Covenants No Current Business Cabin Rentals Current Use Special UseOtherLodging Desc Of Business Lodge With Cabins Disclosures Lead Base Paint Documents On File Legal Description Exchange Trade No Existing Utilities ElectricPhonePropane-Tank OwnedSepticWater Fixtures Included Yes Inventory Included Yes Lease Included No New Construction YN No Owners Association No Possible Property Use LodgingOtherSpecial Use Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2021 Total Taxes 3547.16 Type Multi-Use W/Res Variable Rate Yes Water Rights No

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Western Slope Real Estate contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-05-17T12:56:48.313.
 
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Western Slope Real Estate
1338 Grand Ave, Suite 313
Glenwood Springs CO, 81601
Listing courtesy of Blackmore Group.