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1425 Hwy Lake City, CO 81235

For Sale
$2,599,000

Turnkey mountain rental property, incredible income.

Description

Added:
Dec 11, 2024
Days on Market:
364
This exceptional investment opportunity in picturesque Lake City, Colorado, presents a rare chance to acquire a thriving turnkey rental business. The property encompasses three meticulously maintained parcels totaling 1.64 acres and features four charming log cabin units in pristine condition. These units boast a proven history of strong year-round rental income, attracting repeat guests. Strategically located just outside of town, eliminating the need for a short-term rental permit, the property enjoys excellent visibility and accessibility from Highway 149, while also offering convenient backroad access for off-road vehicles. The main 2782 sq ft, 3-bed, 3-bath cabin serves as a comfortable residence, but could easily be converted into a larger rental unit. It features an open-concept kitchen, dining, and living area, multiple bedrooms, and ample storage. A thoughtfully designed basement provides space for managing the other rental units. Heating options include a wood stove, propane gas stove, and electric heaters. A separate duplex, totaling 2359 sq ft, comprises two identical 2-bed, 2-bath units, each with an open floor plan, gas wood-burning stoves, and private covered decks. Finally, a charming 908 sq ft cabin on a separate 0.43-acre lot adds to the rental portfolio. The main parcel includes landscaped lawns with automatic sprinklers, a greenhouse, animal pen, shed, and equipment storage barn. This property presents diverse possibilities, from continuing the successful rental business to creating a family compound or even a unique wedding venue. Lake City's stunning natural beauty and abundant outdoor recreational opportunities ensure consistent demand for rental accommodations. The asking price is $2,599,000.

Property Features for 1425 Hwy

General Information

Property type
Mixed-use properties
Lot Size
71,438 SF

HighLights

  • $2,599,000 asking price for a mixed‑use property.
  • 1.64‑acre lot in Lake City, Colorado, featuring four log cabin units.
  • Three parcels with established short‑term and long‑term rental history, requiring no STR permit.
  • Main cabin: 2,782 sq ft, 3 bed, 3 bath, with potential for additional bedrooms. Features include updated flooring, covered deck, and efficient heating options.
  • Duplex: 2,359 sq ft total, two 2 bed/2 bath units, each with updated flooring, covered decks, and gas wood‑burning stoves.
  • Additional 908 sq ft cabin on a 0.43‑acre lot, with one bedroom loft and full bath.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Lake City
County
08053
State
Colorado
Longitude
-107.312294
Latitude
38.0354634

FAQs

What type of property is this?
Mixed-use property - Turnkey mountain rental property, incredible income.
Where is this mixed-use property located?
The property is located at 1425 Hwy Lake City, CO.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: $2,599,000 asking price for a mixed-use property.; 1.64-acre lot in Lake City, Colorado, featuring four log cabin units.; Three parcels with established short-term and long-term rental history, requiring no STR permit.
More about this property
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