2110 S Broadway, Cortez, CO 81321
Residential property for sale
- Description
- 14.6% CAP Rate! Extremely profitable, ultra-clean, and meticulously maintained Motel in Cortez being sold turn-key. Business AND Real Estate included in price! The business generated $233,565 of revenue in 2013. 2013 NOI was $116,261. Property comes completely furnished, ready for new owner to hit the ground running. Perfect for an Owner-Operator or an Investor. Business established in 1958 with room for expansion or RV park. Great upside potential. Awarded 2012 and 2013 ???????Certificate of Excellence??????? by TripAdvisor, the #1 internet travel site. Ranked #1 on Booking dot com and typically Top 2 or 3 on TripAdvisor. The property is 2.44 Acres and consists of a 5,820 sf main complex and a 3 BR/2 BA 1,440 sf Guest Home/Lodge. The main complex has 16 ultra-clean, AAA approved, units and also includes a 2 BR/1 BA Manager????????s Quarters. The Guest Home/Lodge, previously used as the owner????????s home, is quiet and private and has a complete kitchen area with stove, refrig, dishwasher, and microwave, deck with gas grill and outdoor furniture, fireplace, pool table, 3 cable TVs including 36??????? flat-screen Sony Trinitron TV with VCR/DVD player, and a washer/dryer.
- Property Details
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Property Type: Income/Investment Status: Available Price: $ 799,000 Buildings: 1 Added: 05/20/2014 - Note
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