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$1,490,000 / 13220ft2 - Eastin - Multifamily - 29 Rooms- 2 Commercial Spaces (Kremmling)

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13220ft2
license info: ER40020013
apartment
laundry on site
furnished
street parking

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104 S 2nd Street Kremmling, CO 80459

Special Features

  • MLS #: 25-1058
  • Bedrooms: 30
  • Bathrooms: 17.5
  • Total Sq. Feet: 13,220
  • Year Built: Original property was built in 1906, with additions in 1933, 1938, 1945, 1950 and 1965
  • Price: $1,490,000

Description

Welcome to The Hotel Eastin and Extended Stay, a 13,220 square foot cement block building conveniently located on highway 40 in the heart of the Colorado mountain town of Kremmling. The property currently consists of 26 hotel/workforce housing units, 3 apartments and 2 commercial spaces. Flexibility, location and historic ambiance characterize this property. Flexibility: your choice of operating a combination of hotel rooms, workforce housing and commercial spaces. Location: centrally located in the mountains of Colorado within about 1 hour of 8 major resort areas. Historic ambiance: providing guests and tenants with a true western historic boutique mountain experience. Fully furnished and priced at $122 per square foot, which is significantly below replacement cost, and offered at CAP rate of 12, this property offers solid current value as well as long term appreciation. A rare mountain town income producing investment opportunity offering a prime location, historic ambiance, modern updates, flexibility and a strong value proposition. For a virtual tour, see attached photos and video. For financials and additional documents, contact Rebecca Guthrie at (970)485-41four1.

Broker/Owner Information

Rebecca Guthrie
RE/MAX Red
404 Park Ave Kremmling, CO 80459
ER40020013
http://www.grandcountyrealestate.com

post id: 7925272012

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