2931 Us Hwy 160

    South Fork, CO 81154
    • $1,250,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: 764251
    UPDATED: 33 min ago
    $1,250,000
    • 0
      BEDS
    • 1.22
      ACRES
    • 13
      BATHS
    • 0
      1/2 BATHS
    • 12,000
      SQFT
    • $104
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1926
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Steffens And Company Realty, Inc.


    Description

    Vibrant, successful, historic, 15 room Bed & Breakfast / Hotel with 24 seat restaurant (open to the public) and fully renovated commercial kitchen near Wolf Creek Ski area in the sunny, Southern Colorado Mountains! 360-degree mountain views, fully furnished, turn-key with great guest reviews. Open year-round with two very strong peak seasons - summer tourist season and winter ski season. UP TO 20% Owner Financing Available! Listed on the National Register of Historic Places, this property is eligible for Historic Preservation and Restoration Grants, but you don't really need them. It's up and running, fully functioning, comfortable and SOLD OUT most nights in June, July, August, September, December, and March! Average yearly gross revenue for the last four years is $360,000 providing a comfortable salary PLUS full living quarters, utilities and much, much more for the owners or on-site manager. Yearly net income averages $130,000. There are 4 Jacuzzi Suites in the historic B&B, 8 hotel rooms, 1 cabin, 2 - 500 sq ft apartments, and 11 RV sites with full hookups. All rooms, apartments and cabins have Direct TV and fast, reliable Wi-Fi. New indoor hot tub with renovated decking and new electrical and plumbing. All appliances, inventory, and antiques are owned (not leased) and are included with the sale, (save a few personal items.) Many, many upgrades have been made to this property to ensure it runs smoothly and is LOVED by guests and employees alike. The owner's quarters is 2,000 square feet, 3 bedrooms, 1 bath with a private entrance, private laundry, private yard and wood-burning stove. An innkeeper's couple currently lives on site and manages many of the day to day duties of the property including housekeeping, front desk and reservations. This large, efficient B&B has a solid client base, hundreds of return guests each year, and is set up for a smooth transition in ownership. The current owners will include several weeks of training for the new owners if desired.

    Monthly Payment Calculator

    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 2019. 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 The Dawn Howe Group | Keller Williams Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2019-11-21T23:56:24.713.
    www.crestedbutteliving.com/homes/100325130

    2931 Us Hwy 160 South Fork, CO 81154

    • Price: $1,250,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: 764251
    0
    Beds
    13
    Baths
    0
    ½ Baths
    1.22
    Acres
    12,000
    SQFT
    $104
    $/SQFT
    1926
    Built
    Neighborhood:
    South Fork
    County:
    Rio Grande
    Area:
    South Fork
    Property Description
    Vibrant, successful, historic, 15 room Bed & Breakfast / Hotel with 24 seat restaurant (open to the public) and fully renovated commercial kitchen near Wolf Creek Ski area in the sunny, Southern Colorado Mountains! 360-degree mountain views, fully furnished, turn-key with great guest reviews. Open year-round with two very strong peak seasons - summer tourist season and winter ski season. UP TO 20% Owner Financing Available! Listed on the National Register of Historic Places, this property is eligible for Historic Preservation and Restoration Grants, but you don't really need them. It's up and running, fully functioning, comfortable and SOLD OUT most nights in June, July, August, September, December, and March! Average yearly gross revenue for the last four years is $360,000 providing a comfortable salary PLUS full living quarters, utilities and much, much more for the owners or on-site manager. Yearly net income averages $130,000. There are 4 Jacuzzi Suites in the historic B&B, 8 hotel rooms, 1 cabin, 2 - 500 sq ft apartments, and 11 RV sites with full hookups. All rooms, apartments and cabins have Direct TV and fast, reliable Wi-Fi. New indoor hot tub with renovated decking and new electrical and plumbing. All appliances, inventory, and antiques are owned (not leased) and are included with the sale, (save a few personal items.) Many, many upgrades have been made to this property to ensure it runs smoothly and is LOVED by guests and employees alike. The owner's quarters is 2,000 square feet, 3 bedrooms, 1 bath with a private entrance, private laundry, private yard and wood-burning stove. An innkeeper's couple currently lives on site and manages many of the day to day duties of the property including housekeeping, front desk and reservations. This large, efficient B&B has a solid client base, hundreds of return guests each year, and is set up for a smooth transition in ownership. The current owners will include several weeks of training for the new owners if desired.
    Exterior Features

    Acreage Range 1-1.99 Carport No Construction Log Lot Dimension 1.22 Acres Parking Gravel Parking Spaces 25 Stories Two Water Well Yes Waterfront YN No

    Interior Features

    Ceiling Height 12Ft Finished Sq Ft 6268 Furn Fixt Equip included Heating Fuel Source ElectricPropaneWood One Quarter Baths 1

    Property Features

    Approx Inv $7000 Books Available Yes Cam No Cap Rate Percent 11 Current Business Bed & Breakfast / Hotel Current Use Lodging Desc Of Business Lodging Enterprise Zone Yes Existing Utilities WaterSepticPhone Fixtures Included Yes Gross Scheduled Income 340000 Inventory Included Yes Lease Included No Net Operating Income 150000 New Construction YN No Owners Association No Possible Property Use Lodging Real Estate For Sale Yes Reo Lender Owned No Tax Year 2018 Total Electric Meters 3 Total Taxes 8006.38 Type Business Opp Available Type Of Sale Asset Variable Rate No Water Rights No Year Started 1926 Zoning Type Commercial

    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 2019. 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 The Dawn Howe Group | Keller Williams Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2019-11-21T23:56:24.713.
     
    The Dawn Howe Group | Keller Williams Realty
    PO Box 2142
    Crested Butte CO, 81224
    Listing courtesy of Steffens And Company Realty, Inc.