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The Great Salida Getaway 9955 County Road 120 6 Room Hotel Salida, CO 81201 $1,737,920 CAD ($289,653 CAD/Room) 6.83% Cap Rate
INVESTMENT HIGHLIGHTS
- Lots of natural light
- Exempt from strict county short term lodging regulations
- Fully furnished short term rental
- Close to fast growing Monarch Ski Resort
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (ACTUAL - 2024) 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
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) 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 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
- Balcony
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 6 | $488.57 CAD | - |
1 1
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The Great Salida Getaway | 9955 County Road 120
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