18645 Cr 501
Vallecito Lake Bayfield, CO 81122

Description

Nine rental's projected to gross over $100,000 with a 10% cap rate this year. There is an exceptional opportunity to restore the fabulous mountain retreat and give it new life and a new direction all while generating a good return and quickly capturing unrealized equity. The property needs a little work but the upside will be well worth it for the right person. The property is located very close to Vallecito Reservoir and the Weminuche Wilderness. It was at one time an Orvis fly fishing lodge and has tons of potential in the VRBO market, long term rental market, or ran again as a lodge and restaurant. Come take a look at one of Colorado's hidden treasures.

Details

MLS#745520
Sub-TypeResale
StatusActive
Year1958
Days On Site27

Features

SQ Feet7,788
Units9
Water FrontYes

Market Activity 81122

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Area Information

StateCO
CountyLa Plata
CityVallecito Lake Bayfield
Zip Code81122
AreaVallecito
Listing VS Median (in 81122)
Price:
$895,000
low | high
Med:
$277,000
100% of Average
SqFt:
7,788
low | high
Med:
1,612
100% of Average
$ / SqFt:
$115
low | high
Med:
$190
15.249423436983% of Average
On Site:
27
low | high
Med:
92.5
29.189189189189% of Average
Listing Updated: 06/17/2018
MLS Number: 745520
Listing Provided By:
Justin Grimwood  of  The Wells Group of Durango Inc.



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