1160 Grand Ave Avenue

    Norwood, CO 81423
    • $1,450,000
    • STATUS: Active
    • ON SITE: 603 days
    • MLS #: 729765
    UPDATED: 33 min ago
    $1,450,000
    • 0
      BEDS
    • 1.55
      ACRES
    • 9
      BATHS
    • 0
      1/2 BATHS
    • 8,153
      SQFT
    • $178
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1953
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Telluride Properties.


    Description

    Completely remodeled to Telluride Standards in 2010, The Back Country Inn is a anchor property for Norwood. The Builder/Owner (who teamed to build the Madeleine Hotel) went down to the studs, with new electrical, new sewer, new plumbing, new landscaping and new quality finishes. The 1.55 acres has plenty of room for expansion. The back of the property houses more income producing modular apartments, and has set ups for 7 RV spaces. With excellent management in place, and over $1,650,000 seller vested in costs, this is an excellent investment property with built in $200,000 in immediate equity, or opportunity to enjoy the fruits of self employment in the up and coming Norwood community. 9% Cap Rate for Owner Operator!

    Monthly Payment Calculator

    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2018. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
    FULL CREN Disclaimer

    Real Estate listings held by companies other than eXp Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2018-11-21T08:56:32.417.
    www.durangohomesales.com/homes/71082568

    1160 Grand Ave Avenue Norwood, CO 81423

    • Price: $1,450,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: 729765
    0
    Beds
    9
    Baths
    0
    ½ Baths
    1.55
    Acres
    8,153
    SQFT
    $178
    $/SQFT
    1953
    Built
    Neighborhood:
    West End
    County:
    San Miguel Co
    Area:
    West End
    Property Description
    Completely remodeled to Telluride Standards in 2010, The Back Country Inn is a anchor property for Norwood. The Builder/Owner (who teamed to build the Madeleine Hotel) went down to the studs, with new electrical, new sewer, new plumbing, new landscaping and new quality finishes. The 1.55 acres has plenty of room for expansion. The back of the property houses more income producing modular apartments, and has set ups for 7 RV spaces. With excellent management in place, and over $1,650,000 seller vested in costs, this is an excellent investment property with built in $200,000 in immediate equity, or opportunity to enjoy the fruits of self employment in the up and coming Norwood community. 9% Cap Rate for Owner Operator!
    Exterior Features

    Acreage Range 1-1.99 Carport No Construction Frame Lot Dimension 225 X 300 MOL Parking ConcreteOff StreetGravel10-20 Total SpacesCommonIn Rear Of Building Property Attached Yes Property Description Boundaries Surveyed Sewer Public Sewer Installed Stories 1 Street Description State HighwayCity/TownPaved150'+ Frontage Water Public Water Well No Waterfront YN No

    Interior Features

    Finished Sq Ft 8153 Flooring Carpet Foundation SlabConcrete Furn Fixt Equip All Heating System1 Combinatio One Quarter Baths 0 Total Offices 1

    Property Features

    American Disabil Act Yes Books Available Yes Cam No Current Business Motel And Modular Rentals Current Use Lodging Desc Of Business Also 7 Rv Spots Disclosures Plat Available Documents On File Plot Plan/Plat/SurveyLegal DescriptionAerial PhotosProfit/Loss Exchange Trade No Existing Utilities WaterElectric Fixtures Included Yes Gross Scheduled Income 218000 Inventory Included Yes Lease Included Yes New Construction YN No Owners Association No Possible Property Use LodgingMixed-Use Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2016 Total Taxes 8516.76 Type Hotel/Motel Variable Rate Yes Water Rights No Year Started 1953 Zoning Type Office

    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2018. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
    FULL CREN Disclaimer

    Real Estate listings held by companies other than eXp Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2018-11-21T08:56:32.417.
     
    eXp Realty
    1725 N Taylor Circle
    Bayfield CO, 81122
    Listing courtesy of Telluride Properties.