1425 Hwy, Lake City, CO 81235

Property Details for 1425 Hwy

Lot size

1.64 lot acres

Property type

Mixed-use properties

Description

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.

Location Insight

City

Lake City

County

08053

State

Colorado

Longitude

-107.312

Latitude

38.0355