18645 CR 501, VALLECITO LAKE/BAYFIELD, CO 81122

18645 CR 501
Vallecito Lake/Bayfield, CO 81122

$1,175,000

Number of Units: 9
Type: Multi-Unit Residential
Listing Agent: Jeff Reynolds
9704034008
jeff.reynolds@remax.net
Listing #733378
Silver Streams Lodge and Guest Cabins--This beautiful property consists of a classic log lodge, and 5 separate cabins with a total of 9 separate units, on 3.47 acres. This property was at one time used as a summer resort getaway, but is now primarily used as monthly rentals. The Lodge has previously housed a restaurant- now this building has been converted into 2 rental units (but could easily be converted back to its former use). There are (2) cabins that are duplexes, each unit is 1 bedroom/1 bath. There are (2) large 2 bedroom/ 1 bath cabins. There is also a 3 bedroom/2 bath unit. This property is in a prime Vallecito location, close to the Lake, with good mountain views, and good County Road frontage. There is a large fishing pond on the property, that has been stocked yearly with trout- which has provided substantial additional income in past years. There is additional space for at least one more cabin, with a foundation and utilities already in place. The water well is actually a decreed water system- Silver Streams Well #1. Case # W1639. This water system not only services these 9 units, but also services 6 other nearby cabins for additional income. There may be an option to purchase one or more of these cabins in the future. There may also be an option to create several RV parking spaces if desired. These cabins are rarely vacant, and this property provides good cash flow, with potential to create more income in a variety of ways. Seller financing is available.
Property Features
Location Information
County: La Plata
MLS Area: Vallecito
Latitude: 37.444426
Longitude: -107.555671
Subdivision: Other
Interior Features
Fireplace Description: Living Room
Heating Fuel: Propane, Fireplace/Stove
Floors: Wood
Appliances: Range/Oven, Refrigerator
Foundation/Basement: Crawl Space
Total Number of Units: 9
Exterior Features
Siding: Log
Roof: Metal
Water / Sewer: Well, Septic
Parking Description: 10-20 Total Spaces, 2 per unit
Has Garage: No
Property Description: Borders Public Land
Lot Size in Acres: 3.47
Zoning: Residential Multi Family
Street Description: County, Paved
Waterfront Description: Pond
Has Waterfront: yes
View Description: Mountains, Stream/River
School
Elementary School: Bayfield K-5
Middle School: Bayfield 6-8
High School: Bayfield 9-12
Additional Information
Property Type: RI
Property SubType: Other
Year Built: 1958
Status: Active
Taxes: 3100.36
Tax Year: 2017
Metered: Metered for Electricity


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CREN data last updated at August 17, 2017 10:14 PM MT