Description
Exceptional Single Room Rental Investment Opportunity in a High-Traffic Corridor Don't miss this opportunity to acquire a low-entry-price property situated in a prime, highly visible location. This asset utilizes a hybrid weekly/monthly rental model with 70% occupancy and revenue, $70,000 Rental Income and a compelling 11.9% capitalization rate. Optional income from the seasonal pool and patio area can further boost annual returns by up to $8,000. Property Features & Amenities The property is meticulously set up for short term room rental success, featuring: * Guest Suites: A welcoming guest check-in area and four (with potential for five) elegantly designed suites. Could be developed into two additional long-term suites. * Capacity & Comfort: A total of 7 beds and 5 well-appointed bathrooms. * Kitchens: Three suites offering kitchens with two being new efficiency kitchens. * Atmosphere: Two cozy fireplaces enhance the ambiance, one fireplace located in check-in and one located within a suite, and five separate entrances ensure convenience and privacy for all guests. * Outdoor Amenities: Guests will appreciate the outdoor pool, designated cooking area, and private patios. * Practical Updates: The exterior features new paint applied in 2025. * Parking: Ample on-site parking is available, accommodating up to 15 vehicles. Unbeatable Regional Access The location is a major asset, perfectly positioned in a central hub: * Walkable Convenience: The property is within walking distance of popular local eateries, including a bar and a Mexican restaurant. * Gateway Location: Located just minutes from the Montrose Regional Airport (MTJ), this is the ideal base for exploring major regional attractions. * Recreational Hub: Enjoy convenient access to year-round activities near Black Canyon National Park, Telluride Ski Resort, Silverton, Ridgeway, Ouray, Grand Junction, and Durango. ________________________________________ Property Facts: * 3,700 Square Feet * 0.57 Acres * $70,000 Rental Income, 11.9% Cap Rate * Guest Check In Area * 7 Beds * 5 Bathrooms * 3 Kitchens * Fireplaces * 5 Separate Entrances Rental Income Potential Breakdown * Room 120 - 1BR, Weekly $400.00, Monthly $1,600.00, Annual $19,200 * Basement Apartment - 1BR, Monthly $800.00, Annual $9,600.00 * Room First Floor - 2BR, Monthly $700.00, Annual $8,400.00 * Room 118 - 2BR, Weekly $600.00, Monthly $2,400.00, Annual $28,800.00 * Room 119 - 2BR, Weekly $600.00, Monthly $2,400.00, Annual, $28,800.00
