Near Glenwood Springs, CO, this historic down-town building converted into modern vacation rental and restaurant. Restaurant handles any renter questions and needs and manages cleaning and upkeep of units for $31,000 a year. NOI is after this expense and owner can realize this duty or continue as is an NOI is $103, 944. Year to date income on vacation rental units is up 60%+ through 3/2022. Restaurant could be sold or continue a year-to-year lease with current operators.
Recently remodeled (2019 and 2020), 6 room boutique rooms and restaurant/ grill. Current opening in 2020 the Inn is a 130-year-old building in downtown, right on main street! This close to skiing, hot springs, mountain parks and the Wilderness areas.
The area offers great food, world-class biking and hiking trails, golf, fishing, cave tours and more. Nearby guests can try skiing, snowmobiling, snowshoeing, zip lines, hot springs and more. Located minutes from one of the TOP 10 FUN PLACES in America!
SALES: $190,000 NOI 6.3%
ASKING PRICE: $1,900,000