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7100 Cr 501

Bayfield, CO 81122
  • $2,190,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 789016
UPDATED: 214 min ago
$2,190,000
  • 0
    BEDS
  • 4.5
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 10,058
    SQFT
  • $218
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2021
County:

School Ratings & Info

Listing courtesy of Re/Max Pinnacle.


Description

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!

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Berkshire Hathaway HomeServices Western Colorado Properties contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-01-27T23:56:21.26.
www.homesforsaledurango.com/homes/123780252
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7100 Cr 501 Bayfield, CO 81122

  • Price: $2,190,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 214 min ago
  • MLS #: 789016
0
Beds
9
Baths
0
½ Baths
4.5
Acres
10,058
SQFT
$218
$/SQFT
2021
Built
Neighborhood:
Bayfield Rural
County:
La Plata
Area:
Bayfield Rural
Property Description
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!
Exterior Features

Acreage Range 2-4.99 Carport No Lot Dimension 4.5 Acre Parking Spaces 20 Property Attached Yes Roof Metal Sewer Engineered SepticSeptic Installed Stories 1 Street Description CountyPaved Water Public Water Well No Waterfront YN No

Interior Features

Finished Sq Ft 10058 Flooring Laminate Foundation Crawl Space Heating Fuel Source ElectricPelletPropane Heating System Electric Baseboard One Quarter Baths 0 Total Offices 0

Property Features

Books Available Yes Cam No Covenants No Current Use Lodging Exchange Trade No Existing Utilities ElectricInternetPropane-Tank LeasedSeptic Fixtures Included Yes Inventory Included Yes Lease Included No New Construction YN No Owners Association No Possible Property Use Lodging Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2021 Total Taxes 4704 Type Multi-Use W/Res Variable Rate Yes Water Rights No Zoning Type Commercial

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Berkshire Hathaway HomeServices Western Colorado Properties contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-01-27T23:56:21.26.
 
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Berkshire Hathaway HomeServices Western Colorado Properties
842 Main Ave
Durango CO, 81301
Listing courtesy of Re/Max Pinnacle.