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The Hotel Eastin 104 2nd St S 31 Unit Apartment Building $1,390,000 ($44,839/Unit) 13% Cap Rate Kremmling, CO 80459
Investment Highlights
- 3 Apartments
- 30 Hotel Rooms
- 2 Commercial Spaces
Executive Summary
The Eastin Extended Stay Hotel offers strong rental history, driven by diligent housekeeping, comfortable bedding, and flexible nightly/extended stays meeting growing workforce housing demand.
Priced at $1,390,000 for 12,260 sq ft ($113/sq ft, below construction cost), it has a 13% CAP rate—highly financeable with strong cash-on-cash returns.
Located on historic Highway 40 on Kremmling's town square, it's within an hour of 8 Colorado ski resorts, ideal for skiing, snowmobiling, hiking, fishing, biking, ATVing, and rafting.
With a ~4.5-star rating and 40-50% year-round occupancy, there's significant upside. Two commercial units on Highway 40 add entrepreneurial potential; one (owner's rent-free clothing business) could add $18,000 in annual cash flow if leased.
Priced at $1,390,000 for 12,260 sq ft ($113/sq ft, below construction cost), it has a 13% CAP rate—highly financeable with strong cash-on-cash returns.
Located on historic Highway 40 on Kremmling's town square, it's within an hour of 8 Colorado ski resorts, ideal for skiing, snowmobiling, hiking, fishing, biking, ATVing, and rafting.
With a ~4.5-star rating and 40-50% year-round occupancy, there's significant upside. Two commercial units on Highway 40 add entrepreneurial potential; one (owner's rent-free clothing business) could add $18,000 in annual cash flow if leased.
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
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R020680 | Improvements Assessment | $35,220 |
| Land Assessment | $10,720 | Total Assessment | $45,940 |
Property Taxes
Parcel Number
R020680
Land Assessment
$10,720
Improvements Assessment
$35,220
Total Assessment
$45,940
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The Hotel Eastin | 104 2nd St S
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