7100 CR 501 Both Parcels Bayfield CO Real Estate

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 rental units: 2 buildings totaling 3573 square feet which 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 $110,000 so far in 2021, with approximately $10,000 more scheduled before the end of 2021. Already booking reservations into 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, and a bedroom in addition to a flex loft space. They 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 home is currently being finished to 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. Currently the home is unfinished, but the Seller plans to continue the construction to its completion. This includes granite/quartz tops, hickory cabinets, stainless appliances, radiant floor heat. The price will be prorated should the Buyer want to purchase the home in the current unfinished condition. 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!