7100 CR 501 Bayfield CO Real Estate

Come see this stunning INCOME PRODUCING property with the opportunity for both short and long term rentals. This property consists of 7 rentable buildings, consisting of 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 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 (with refrigerator, gas stove and microwave), a 3/4 bath and a queen size bed. The other 4 units are currently rented as 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, as well as a refrigerator and microwave. These units have been successfully rented since 12/2020, and grossed more than $116,000 in 2021. Sold ready to rent- all appliances, utensils and linens are included. These are on central water with fully functioning septic systems. THE CABINS: The 800+ square foot log shells were originally constructed in 2002 of huge hand peeled logs. The interiors were finished in 2021 (complete with Certificate of Occupancy), 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 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. There is potential for ($1200-$1500/month) long term rental or ($200-$250/night) short term rental for each cabin! THE LOG HOUSE: The log house shell was built in 2002 with large hand peeled logs, with stucco gable ends. The log work is beautiful! There are 3 en-suite bedrooms, a large living room with 30' vaulted ceilings, radiant heat floors with a new Navien tankless boiler, and nice finishes. Currently the interior is being finished with high end cabinetry, fixtures and appliances. This home is on its own septic system and is on central water. Completion is expected in June, 2022. 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. GENERALITIES: There is no HOA and there are no covenants. All the buildings are currently on propane but natural gas may be 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, executive rental, a wedding venue. 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!