18645 County Road 501

18645 County Road 501 Vallecito, Colorado 81122 United States

$500,000 in upgrades just complete on Lodge remodel. Excellent Seller Financing 3 years 8.5% Interest with no qualifying available. 16 bedrooms & 14 baths with room to add more units. Lodge and Cabins for sale turn key operation. Great opportunity for small operators. 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 16 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 5 bed /6 bathroom cabin and +/- 3,000 sq ft. With room to add additional cabin foundation and utilities in place. The list price for all the cabins has a gross cap rate 9.5% . 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. Seller has owned and operated this successful business for 28 years. Inquire with agent for the full proforma.

Listing Courtesy of Blackmore Group, CREN MLS