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Investment Highlights

  • Excellent visibility and Easy access to Highway 76
  • Good amenities such as guest laundry and a pool
  • Updated and Spacious 44 rooms with vaulted ceiling plus one 3 bedroom apartment

Executive Summary

Back on the market! No fault of the seller or the property. An opportunity awaits the fortunate next owner of this updated 44-room hotel with a 3-room apartment in a growing city. Boasting excellent visibility and effortless access to Highway 76, this property offers spacious rooms with vaulted ceilings that guests love. Its amenities include a convenient lobby, breakfast cafeteria, guest laundry, and swimming pool. Every room has a PTAC window unit, refrigerator, microwave, iron, iron board, telephone, and more for unparalleled comfort and convenience. Recent upgrades encompass new touch key cards, countertops, mirrors, curtains, lights, and exterior paint. Contact the listing agent for more information!

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,354,908 CAD
Price Per Room $53,521 CAD
Sale Type Investment
Cap Rate 10.35%
Sale Condition 1031 Exchange
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 1.97 AC
Building Size 21,632 SF
No. Rooms 44
No. Stories 2
Year Built/Renovated 1967/2022
Parking Ratio 2.17/1,000 SF
Corridor Exterior
Opportunity Zone Yes
Zoning Commercial - Commecial

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 44 $109.43 CAD -
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
103734015002
Land Assessment
$80,344 CAD (2024)
Improvements Assessment
$544,870 CAD (2024)
Total Assessment
$625,214 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
  • Listing ID: 33305301

  • Date on Market: 2024-09-25

  • Last Updated:

  • Address: 1208 N Colorado Ave, Brush, CO 80723

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