7100 CR 501
7100 CR 501 Bayfield, Colorado 81122 United States

$2,190,000
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Come see this stunning property with a highly unique opportunity for both short and long term rentals. Multiple brand new structures sit on a lush property with no HOA or covenants. There are a total of 7 rental structures totaling 10 (or more)...

Listing Courtesy of RE/MAX Pinnacle

Listing Courtesy of RE/MAX Pinnacle
$2,190,000
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9
Full Baths
10,058 Sq Ft.
Interior
4.5 Acres
Exterior
Commercial
Property type
2021
Year Built
789016
Web Id
789016
MLS ID
49
days ago

About 7100 CR 501

Come see this stunning property with a highly unique opportunity for both short and long term rentals. Multiple brand new structures sit on a lush property with no HOA or covenants. There are a total of 7 rental structures totaling 10 (or more) rental units: 2 buildings totaling 3573 square feet which currently house 5 rental units known as "The Lodge", 4 newly finished 800 sq. ft. cabins, and an unfinished 3285 square foot log home. These all have great long term or short term rental income potential! THE LODGE: These classic buildings were beautifully renovated in 2020. New insulation, windows, kitchens, baths, flooring, fixtures, and appliances throughout. A total of 9 rooms are currently divided into 5 separate units-but these units are set up for multiple configurations. Currently, the smallest unit has a kitchenette, a 3/4 bath and a queen size bed. The other 4 units are double units, with a kitchenette, 3/4 bath and queen bed in the first room, and the adjoining room holds another 3/4 bath and 2 queen beds. Sold ready to rent- all appliances, utensils and linens are included. These units have grossed more than $116,000 in 2021, with many reservations building already for 2022. THE CABINS: Four brand new cabins totaling approximately 800 square feet each. The shells were constructed in 2002 of huge hand peeled logs over a concrete crawl space. All four cabins were just finished in 2021 with new kitchens, bathrooms, appliances, flooring, fixtures, heating and paint. All four share the same floor plan and finishes, including a beautiful covered porch, a full bathroom downstairs and a half bath attached to the upstairs bedroom, as well as in additional space in the upstairs loft. The cabins are smartly spaced to allow for privacy in the pines. These have never been occupied. They are on a brand new septic system and are supplied by central water. There are electric baseboard heaters to support the new pellet stoves in each unit. Long term ($1200+/month)or short term rental ($200+/night) potential! THE LOG HOUSE: The log house was built in 2002 with large hand peeled logs, with stucco gable ends. The asking price is based on the home being completed- including granite/quartz countertops, hickory cabinets, radiant floor heat, and other fine finishes. It will finish out at 3285 square feet and will include 3 bedrooms and 3 bathrooms. The living room boasts a huge cathedral ceiling. The log work is beautiful! The master bedroom is on the main. This home is on its own septic system and is on central water. THE PROPERTY: This parcel is 4.5 pine covered acres that sits on an elevated bench, with GREAT VIEWS overlooking the Pine River Valley. There is direct access from CR 501. There is sufficient separation between the home, the cabins, and the lodge to allow for privacy. There is plenty of parking for multiple vehicles and trailers. There is also a large loafing shed with a small corral for your horses, as well as an older structure that is currently being used as storage. GENERALITIES: There is no HOA and there are no covenants. All the buildings have propane at this time, but natural gas is available. The Lodge has been used as long term and short term rentals, the cabins could be used in the same manner. The brand new log home could make a beautiful owners residence, used as a wedding venue, a resort opportunity. the options are endless. Vallecito Reservoir and the Weminuche Wilderness area are just 10 minutes to the north, offering a multitude of recreational opportunities. Bayfield is only 10 minutes away, and Durango amenities; including fine dining, shopping, medical care and airport are only 30 minutes away. There are so many valuable facets to this listing come take a look and see for yourself!

Listing Courtesy of RE/MAX Pinnacle, CREN MLS

features

cooling
Electric
lot description
Public Transportation, laminate flooring

PROPERTY INFORMATION

Heating
Electric, Pellet, Propane
Sewer
Engineered Septic, Septic Installed

EXTERIOR

Roofing
Metal

INTERIOR

Flooring
Laminate

ADDITIONAL INFORMATION

Number of Units
10
Listing Courtesy of RE/MAX Pinnacle

Listing Courtesy of RE/MAX Pinnacle

Listing Courtesy of RE/MAX Pinnacle

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