4332 County Road 54G Laporte, CO 80535

This exceptional investment opportunity presents the Elkhorn Motel, a 14-key property situated on a spacious 2.9-acre lot in Laporte, Colorado. Built in 1966 and renovated in 1996, this two-story, 7,082 square foot motel boasts a 100% occupancy rate, generating a strong NOI of $130,800 and a 4.85% cap rate. The asking price is $2,695,000, translating to $380.54 per square foot. The property includes a substantial 7-bedroom house with an open living room and a balcony offering stunning mountain views. Rental units comprise one one-bedroom unit, seven studio units with kitchenettes, and six studio units equipped with microwaves and mini-fridges. The motel's long-standing reputation and the open zoning permit a variety of future development possibilities. This unique property offers a compelling blend of established income and significant upside potential in a desirable mountain town location. The property is located at 4332 W County Rd 54G, Laporte, CO 80535.