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Property profile & analytics
OFF-MARKET
Mixed-use properties

1425 Hwy Lake City, CO 81235

1.64 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Mixed-use properties
Lot 1.64 ac (71,438 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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