The Spruce Lodge - 15 Rooms OWNER FINANCING!
South Fork, CO
Offered for sale at $1,500,000
Colorado Ski Lodge!!
This lovely, historic inn is busy! Fully staffed, fully stocked, fully turn-key. $386,000 average yearly revenues. Listed on the National Register of Historic Places. $100,000 of future revenues on the books!
15 Guest rooms, all with private baths, strong WI-FI, great beds, flat-screen TVs, and Direct Tv service. GUESTS LOVE US! Gorgeous, newly renovated hot tub room and 11 RV spaces with electric, water, sewer, and Wi-Fi.
Lovely, historic lobby with stone fireplace, comfy couches, an old-fashioned front desk, and grand staircase.
Renovated 24 seat breakfast restaurant with a full, commercial kitchen, and a beautiful sunroom where we host our very a generous, free continental breakfast. This area is set up to be hassle-free, including an automatic coffee machine, juice machine, microwave, toaster, and several small tables.
3 bedrooms, 1 bath, 2000 square foot owners quarters with private entrance, private yard, and private laundry - this is not included in the 15 bedrooms, 15 bathrooms.
14 years of solid financials from current owners. A comprehensive buyer's packet is available with a signed, non-disclosure, and non-compete agreement.
20% OWNER'S FINANCING NOW AVAILABLE!
Many repairs and upgrades have made this property a very solid investment. 3.75 GRM with a 7.1% CAP rate. $140,000 NOI
Property Details- 15 Guest Rooms
- 15 Guest Room Baths
- Has Owner's Quarters
- Built in 1926
- Last Renovated in 2020
- Opened in 1926
- Building is 12,000 SQFT
- Lot is 1.17 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $1,500,000
- Occupancy Rate: 75%
- Average Daily Rate: 85
- Annual revenue is $400,000
- Terms: Owners will offer A 20% owner carry with a full price offer from well qualified buyers
7.1% cap rate
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