104 S 2nd Street
Property Description
Turn key operation, management in place @$81.00 per sq ft and 18% CAP rate. The Eastin Extended Stay Hotel offers strong rental history, driven by diligent housekeeping, comfortable bedding, and flexible nightly/extended stays meeting growing workforce housing demand. Located on historic Highway 40 on Kremmling's town square, it's within an hour of 8 Colorado ski resorts, ideal for skiing, snowmobiling, hiking, fishing, biking, ATVing, and rafting. With a ~4.5-star rating and 40-50% year-round occupancy, there's significant upside. Two commercial units on Highway 40 add entrepreneurial potential; one (owner's rent-free clothing business) could add $18,000 in annual cash flow if leased.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $995,000 |
| Year Built: | 1906 |
| Lot Size: | 12,260.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 32 |
| Number of Bathrooms: | 21 |
ID: 3yd-GCBORCO-26-1192
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