Coldwell Banker Grand Junction Properties

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!

  • MLS# 729765
  • Sub-Type Resale
  • Status Active
  • Year 1953
  • Days On Site 568
SQ Feet 8,153
Story(s) 1
Units 16
Zoning Commercial
Listing Provided By:
Polly Leach Lychee  of  Telluride Properties
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $1,450,000
628.64%
$199,000 in 81423
this listing 568 on site
20.56%
715 on site in 81423

Location

State CO
City Norwood
Zip Code 81423
Area West End

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