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860 County Rd 142 Road

Lake City, CO 81235
  • $7,750,000
  • STATUS: Active
  • ON SITE: 119 Days
  • ID#: 9987030
UPDATED: 42 min ago
$7,750,000
  • 0
    BEDS
  • 14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 170,263
    SQFT
  • $46
    $/SQFT
Type:
Multi-Family
Built:
2006
County:
Area:

School Ratings & Info

Offered by Capital Property Group Llc.

Description

The Texan Resort is Thirty-Five log cabins currently cash flowing a rough NOI of $655,000 on a seasonal asset basis for just 6-months out of the year. In just this year the resort is adding an industrial kitchen to cater and host clientele as well the onsite staff. This new addition is estimated to bring the resort a minimum of $20 per cabin per night added revenue in food sales and could mean an extra $20,000 per month minimum. Several other options for additional income include: Adding the store for sales in food and goods, ATV/UTV rentals as well snowmobile rentals in the winter. Since purchasing current owner has tremendously increased the overall infrastructure as well the enhancement of The Texan Resort business, and has placed 22-Log Cabins approximately 1,250sf or bigger. The cabins are spacious and comfortable, offering expansive porches, unparalleled views, and modern-day amenities, including granite countertops, all the appliances you could need and wireless internet throughout the resort. The community is located in a setting where the river flows and wildlife roams free and the scenery is nothing short of spectacular. What truly brings this property joy is just to the south sits a crystal-clear 65-foot waterfall from the headwaters of Lake San Cristobal that keep large rainbow trout flowing heavily into the property.

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Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Finch & Gable Real Estate Co. are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

© 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.coloradospringstophomes.com/homes/118861593
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860 County Rd 142 Road Lake City, CO 81235

  • Price: $7,750,000
  • Status: Active
  • Updated: 42 min ago
  • ID#: 9987030
0
Beds
0
Baths
0
½ Baths
14
Acres
170,263
SQFT
$46
$/SQFT
2006
Built
County:
Hinsdale
Area:
Lake City
Property Description
The Texan Resort is Thirty-Five log cabins currently cash flowing a rough NOI of $655,000 on a seasonal asset basis for just 6-months out of the year. In just this year the resort is adding an industrial kitchen to cater and host clientele as well the onsite staff. This new addition is estimated to bring the resort a minimum of $20 per cabin per night added revenue in food sales and could mean an extra $20,000 per month minimum. Several other options for additional income include: Adding the store for sales in food and goods, ATV/UTV rentals as well snowmobile rentals in the winter. Since purchasing current owner has tremendously increased the overall infrastructure as well the enhancement of The Texan Resort business, and has placed 22-Log Cabins approximately 1,250sf or bigger. The cabins are spacious and comfortable, offering expansive porches, unparalleled views, and modern-day amenities, including granite countertops, all the appliances you could need and wireless internet throughout the resort. The community is located in a setting where the river flows and wildlife roams free and the scenery is nothing short of spectacular. What truly brings this property joy is just to the south sits a crystal-clear 65-foot waterfall from the headwaters of Lake San Cristobal that keep large rainbow trout flowing heavily into the property.
Exterior Features

Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features BalconyBarbecueGardenGas GrillLightingPlayground Garage YN No Lot Features FoothillsLandscapedNear Ski Area Lot Size Area 14 Lot Size Square Feet 609840 Parking Features DrivewayGravel Parking Total 0 Patio And Porch Features Balcony Road Frontage Type EasementPrivate RoadPublic Road Road Surface Type DirtGravel Roof Metal

Interior Features

Levels Two

Property Features

Construction Materials Log Electric 220 Volts Exclusions Sellers Personal Property. Possession Closing Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 1595 Tax Year 2020 Utilities Electricity ConnectedHigh Speed Internet AvailablePropanePhone ConnectedSewer Connected Water Source Public

Listing courtesy of Capital Property Group Llc: MLS #9987030


Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Finch & Gable Real Estate Co. are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

© 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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Finch & Gable Real Estate Co.
9362 Grand Cordera Pkwy, Suite 100
Colorado Springs CO, 80924
Offered by Capital Property Group Llc.