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Home For Sale

Picture of Home For Sale in Bayfield, Colorado, United States

$1,599,000

48074 And 48246 E Highway 160
Bayfield, Colorado, United States

7bd 7ba

Listed By: Realtyww Info

Listed On: 06/12/2023

Listing ID: GL10118369 View More Details

Description

This unique passive-income property is just five minutes East of Bayfield off Highway 160. The Buyer immediately acquires rental leases totaling $93, 900 (annual passive income). Included: lodge with primary residence and three additional apartments (3502sqft total), a cottage (688sq), tiny house (280sq), office/studio outbuilding (280sq), and barn (1, 700sq) - half of which was converted into a business front years ago but needs TLC. The property is zoned commercial for both residential and commercial-use with one of its three wells being commercial. Additionally, there are RV sites available with room to grow on the 10.53 acres. The property has a large pond (up to 10ft deep) with Beaver Creek seasonally flowing through, two fenced pastures, and the barn contains three stalls and a chicken coop. Presently, the property is fully rented with long-term tenants but can be switched over to vacation rentals (which it was in years past) to potentially double the income. Not factored into the current annual income is the primary residence, which could be rented long-term for $2, 800/mo or $350/night on Airbnb/VRBO. The primary residence is approx. 1, 750sqft with two full baths and two bedrooms, with a third that could be easily converted upstairs. It features a stunning 20ft tall fireplace, waterfront views, and a groovy spiral staircase that takes you to a cozy library or office space. No sound travels between the primary residence and apartments, making it effectively feel like a separate home with complete privacy due to its own entrance and backyard. The property boasts reliable high speed internet (a rare find outside of town limits) and has no HOA or covenants. The property consists of three lots being sold together. One of which is a small corner piece near Deer Valley community's entrance. It holds potential for a water resupply station using the lodge's commercial well, which is a need for the community and other locals whose wells dry during summer months. Whether you want a nice home to live in with low-hassle passive-income, a year-round vacation rental business, or something more creative due to the property's flexibility - this rare gem is ready to be polished by new hands with the current owner willing to pass on everything they learned thus far to help you make the most out of this incredible opportunity.

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Listed by: Keller Williams Realty Southwest
Source: The World Property Journal

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