9955 County Road 120 - Hospitality FOR SALE


Salida, CO 81201
$1,245,000 USD
804-408-4627
9955 County Road 120, Salida, CO for Sale
$1,245,000 USD
Hospitality - FOR SALE
1/63
null | 6.83% Cap Rate

9955 County Road 120
Salida, CO 81201


HIGHLIGHTS

  • Lots of natural light
  • Fully furnished short term rental
  • Exempt from strict county short term lodging regulations
  • Close to fast growing Monarch Ski Resort

OVERVIEW

Exceptional Investment Property! This triplex offers versatility to suit your needs, whether you're seeking a primary residence, income-generating rentals, or a mix of both! Unit "C" boasts an impressive 3,077 sq. ft. of living space, offered fully furnished, complete with a massive back deck with 731' perfect for enjoying stunning southern views while soaking up plenty of Vitamin D. It has 3 bedrooms and 2 bathroom, the kitchen and family room upstairs and a wonderful great room on the lower level. Everyone will enjoy the sunroom with wet bar and hot tub outside. Unit "A," a charming 1-bedroom, 1-bath space, could serve as a "mother-in-law" suite, or a long-term/short-term rental. With 610 sq. ft., it’s the perfect private retreat. Unit "B" features 2 bedrooms and 1 bath, which could also be either a STR or long term. Very well established. This property has been fully remodeled and is in excellent condition, being very bright, open and inviting. Each unit includes its own kitchen, private living spaces, and laundry room for convenience. The large back deck is perfect for entertaining, while Unit "A" and Unit "B" enjoy private patios and courtyards for more intimate relaxation. Additional highlights include a 2-car attached garage, which can double as a game room, desirable radiant heated floors, granite countertops, walk in closets and very nice bathrooms in every unit. With Commercial Zoning and Board House C/O designation, this property allows up to 10 occupants and does not require a short-term rental permit. Generating a NOI of $85,075 in 2024, this property is truly "turn-key." Just 20 minutes from Monarch Ski Area, close to the Arkansas River for rafting and fishing, and a mere 10 minutes to downtown dining, shopping, and entertainment, this property is an investor's dream. Don't miss the opportunity to own this stunning and versatile mountain retreat! Call now for private showing. For further information pull up the 6 pg. brochure attached.

FOR SALE DETAILS

PRICE

$1,245,000 USD

PRICE/SF

$355 USD /SF

# OF ROOMS

6

PRICE/ROOM

$207,500 {currency}

CAP RATE

6.83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Great Salida Getaway

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

Commercial

APN/PARCEL ID

R380511200024

ASK ABOUT THIS PROPERTY

Mason RobinsonOne Summit Real EstateMore Info
804-408-4627

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Mason RobinsonOne Summit Real EstateMore Info
804-408-4627

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.