COLORADO HOMES FOR SALE
Views - Seller Financing
Address
29431 US Highway 160 South Fork, CO
Price
$ 1,345,000
Property Attributes
  • MLS#8320011
  • TypeSingle Family
  • CountyRIO GRANDE
  • CitySouth Fork
  • AreaThe Spruce Lodge
  • Zip81154
  • Style
  • Price$ 1,345,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12000
Listing Provided Courtesy Of:
Steffens and Company Realty Inc.
Data Source:
REColorado (MTOMLS) - 6 - CO
Property Description

Vibrant, successful, historic, 15 room Ski Lodge / B&B with 24 seat dining room 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! 12.8% Cap Rate and 3.49 GRM. 11 RV sites with full hookup on over 1 acre are INCLUDED. This property is open, fully functioning, comfortable, and SOLD OUT most nights in June, July, August, September, December, and March! The average yearly gross revenue for the last four years is $390,000 providing a comfortable salary plus full living quarters, utilities, and much, much more for the owners or on-site manager. Net operating income is $150,000 per year. New indoor hot tub with renovated decking and new electrical and plumbing, all appliances, inventory, and antiques 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 are 2,000 square feet, 3 bedrooms, 1 bath with a private entrance, private laundry, private yard, and wood-burning stove. 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. Training is available if desired. All rooms, apartments, and cabins have Direct TV and fast, reliable Wi-Fi. The dining room has been used as a full-service restaurant before and could be used that way again. Or, this commercial space could be leased out or repurposed in any way you choose! Please note - the listing agent is also the property owner. Please see virtual tours for a drone video, a 3D interactive walkthrough and a complete video tour with the owner. The owners are MOTIVATED. Let's find something that works!

Price History
12/3/2020 Listed $1,500,000
12/14/2020 11% - $1,345,000

General Features

Building Name The Spruce Lodge
Business Name The Spruce Lodge
Business Type BedBreakfast, HotelMotel, Restaurant
City South Fork
County Rio Grande
Days on Market 341
Grossincome 395000.0
Net Operating Income 150000.0
Ownership Type LLC
Property Type BusinessOpportunity
Standard Status Active
Status Active
Street Name US Highway 160
Virtual Tour https://my.matterport.com/show/?m=4XXnXdMtfJL&brand=0
Zoning commercial

Exterior Features

Building Area Total 12000.0
Covered Spaces 0.0
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 81154

Price
AVG $1.06M
$1.35M
Visits
AVG 185
195

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