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White Eagle Inn – JUST SOLD

Colorado, Montezuma County, Cortez – MLS 690815

15.5% CAP RATE. Extremely profitable, ultra-clean, and meticulously maintained motel in Cortez being sold turn-key. Business AND Real Estate included in price! The business generated $252,000 of revenue in 2013. Estimated 2013 EBITDA was $125,000.

Property comes completely furnished, ready for new owner to hit the ground running. Perfect for an owner-operator or an investor. Business established in 1958 with room for expansion or RV park. Great upside potential. Awarded 2012 and 2013 "Certificate of Excellence" by TripAdvisor, the #1 internet travel site. Ranked #1 on Booking.com and typically Top 2 or 3 on TripAdvisor.

The property is 2.44 acres and consists of a 5,820 sf main complex and a 3 BR/2 BA 1,440 sf Guest Home/Lodge. The main complex has 16 ultra-clean, AAA approved units and also includes a 2 BR/1 BA Manager's Quarters. The Guest Home/Lodge, previously used as the owner's home, is quiet and private and has a complete kitchen area with stove, refrigerator, dishwasher, and microwave, deck with gas grill and outdoor furniture, fireplace, pool table, 3 cable TVs including 36" flat-screen Sony Trinitron TV with VCR/DVD player, and a washer/dryer.

Offered at $749,000 – Price Reduction

This property is offered by Legacy Properties West Sotheby's International Realty, LLC, Jon and Kim Penny, Brokers. All information provided by Legacy Properties West Sotheby's International Realty, LLC or its sales representatives in connection with this property was acquired from sources deemed reliable, however, we do not warrant its accuracy or completeness and any users of such information waive any claims related thereto. Legacy Properties West Sotheby's International Realty, LLC recommends that every item of interest to the purchaser (i.e. issues regarding title, water, minerals, survey, zoning, permits, land use regulations and other applicable laws, and any other issues) be independently verified by the purchaser's attorney.