7100 Cr 501, Bayfield, Colorado

Description

This is an incredible opportunity to own a beautiful custom log home with multiple rental options. This property consists of 7 buildings, housing 10 (or more) rental units perched on 4.5 acres overlooking the Pine River Valley. There are no covenants or HOA- and the County Land Use is classified as Commercial, so no need for special permitting for short term rentals. Of the 7 buildings, there are 2 buildings known as "THE LODGE", which consist of 9 separate "motel style" rooms; there are 4 newly finished 800 sq. ft. CABINS; and to top it off, there is a beautiful 3285 square foot LOG HOME. THE LOG HOME has just recently been completed. The log shell was built in 2002, but the home lives like a new build. It has never been lived in. New electric, plumbing, sheetrock, roof, kitchen, baths, fixtures, lighting, decking and more. On top of that the log work is beautiful! The kitchen has new cabinetry, quartz countertops, a large pantry and stainless-steel appliances. The chef in you will love the 6 burner ZLine gas range! The 3 and a half bathrooms have custom tile and great lighting. There are 2 en suite bedrooms (one on the main, and one upstairs), and the 3rd bedroom lives like an en suite. The home has radiant heated floors throughout, with a new Navien tankless boiler. This home has its own septic system and is on central water. The home has a private concrete driveway off of Pine Valley Road. Some of the driveway areas have a snow melt system in place to keep the snow at bay. New roof in 2023. THE FOUR LOG CABINS are privately placed below the log home. The 800+ square foot log shells were originally constructed in 2002 of huge hand peeled logs. The interiors were finished in 2022, 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 additional space in the upstairs loft. These are rented as long-term rentals (6–12-month leases) for $1500/month each- for a total monthly income of $6000. 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. THE TWO LODGE BUILDINGS are the original structures on the property that have been in existence since 1972. 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. 5 of the units have kitchens (with refrigerator, gas stove and microwave), a 3/4 bath and a queen-size bed. The other 4 units have 3/4 bath and 2 queen beds, as well as a refrigerator and microwave. These units can be configured in a multitude of ways, as there are interconnecting doors through many of the units. These units have been successfully rented from 2020 and grossed more than $116,000 in 2021 as short-term rentals. Because of the rising VRBO fees, and costs of cleaning, the Seller is currently converting these units into longer term rentals. Sold ready to rent- all appliances, utensils and linens are included. These are on central water with fully functioning septic systems. 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 or storage. There is no HOA and there are no covenants. The Lodge has been used as long term and short term rentals, the cabins and log home could be used in the same manner.