Coldwell Banker Grand Junction Properties
1160 Grand Ave Avenue
Norwood, CO 81423

$1,450,000

Description

Completely remodeled to Telluride Standards in 2010, The Back Country Inn is a anchor property for Norwood. The Builder/Owner (who teamed to build the Madeleine Hotel) went down to the studs, with new electrical, new sewer, new plumbing, new landscaping and new quality finishes. The 1.55 acres has plenty of room for expansion. The back of the property houses more income producing modular apartments, and has set ups for 7 RV spaces. With excellent management in place, and over $1,650,000 seller vested in costs, this is an excellent investment property with built in $200,000 in immediate equity, or opportunity to enjoy the fruits of self employment in the up and coming Norwood community. 9% Cap Rate for Owner Operator!

Details

MLS#729765
Sub-TypeResale
StatusActive
Year1953
Days On Site623

Features

SQ Feet8,153
Story(s)1
Units16
ZoningCommercial

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Area Information

StateCO
CityNorwood
Zip Code81423
AreaWest End
Listing VS Median (in 81423)
Price:
$1,450,000
low | high
Med:
$225,000
100% of Average
SqFt:
8,153
low | high
Med:
0
100% of Average
$ / SqFt:
$178
low | high
Med:
$0
100% of Average
On Site:
623
low | high
Med:
236
100% of Average
Listing Updated: 12/09/2018
MLS Number: 729765
Listing Provided By:
Polly Leach Lychee  of  Telluride Properties



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