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The Hotel Eastin 104 2nd St S 31 Unit Apartment Building $1,950,000 ($62,903/Unit) 9.60% Cap Rate Kremmling, CO 80459
Investment Highlights
- 3 Apartments
- 30 Hotel Rooms
- 2 Commercial Spaces
Executive Summary
Mixed Use Commercial Property- Seller is confident in the proven property/business model and is offering to carry a portion of the purchase price, with approved terms. Welcome to The Eastin, a 12,260 square foot cement block building conveniently located on highway 40 in the heart of the Colorado mountain town of Kremmling. The property currently consists of 26 hotel/workforce housing units, 3 apartments and 2 commercial spaces.
Flexibility, location and historic ambiance characterize this property. Flexibility: your choice of operating a combination of hotel rooms, workforce housing and commercial spaces. Location: centrally located in the mountains of Colorado within about 1 hour of 8 major resort areas. Historic ambiance: providing guests and tenants with a true western historic boutique mountain experience.
Fully furnished and priced at $159 per square foot, which is significantly below replacement cost, and offered at CAP rate of 9.6, this property offers solid current value as well as long term appreciation.
A rare mountain town income producing investment opportunity offering a prime location, historic ambiance, modern updates, flexibility and a strong value proposition.
For a virtual tour, see attached photos and video. For financials and additional documents, contact Rebecca Guthrie at (970)485-4141.
Flexibility, location and historic ambiance characterize this property. Flexibility: your choice of operating a combination of hotel rooms, workforce housing and commercial spaces. Location: centrally located in the mountains of Colorado within about 1 hour of 8 major resort areas. Historic ambiance: providing guests and tenants with a true western historic boutique mountain experience.
Fully furnished and priced at $159 per square foot, which is significantly below replacement cost, and offered at CAP rate of 9.6, this property offers solid current value as well as long term appreciation.
A rare mountain town income producing investment opportunity offering a prime location, historic ambiance, modern updates, flexibility and a strong value proposition.
For a virtual tour, see attached photos and video. For financials and additional documents, contact Rebecca Guthrie at (970)485-4141.
Property Facts
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Business Center
- Courtyard
- Fenced Lot
- Laundry Facilities
- Breakfast/Coffee Concierge
- Furnished Units Available
- Guest Apartment
- On-Site Retail
- Vintage Building
- Storage Space
- Community-Wide WiFi
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 31 | - | - |
1 1
Property Taxes
| Parcel Number | R020680 | Improvements Assessment | $31,680 |
| Land Assessment | $7,160 | Total Assessment | $38,840 |
Property Taxes
Parcel Number
R020680
Land Assessment
$7,160
Improvements Assessment
$31,680
Total Assessment
$38,840
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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The Hotel Eastin | 104 2nd St S
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