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304 East Highway 50, Salida, CO 81201

$849,000

  • For Sale
  • Active
  • Multi-Family
  • 17 Units
  • 0.71 Acres
  • Updated 8 days ago
304 East Highway 50, Salida, CO 81201 View this property at 304 East Highway 50, Salida, CO 81201
304 East Highway 50 Salida CO 81201

Property Description

Own a 17 room motel in Salida, Colorado. Cap rate of 11.4%. Manager's quarters have been completely remodeled and include 3 bedrooms, 1 bath, and private fenced in yard. Basement has 1 bedroom, 1 bath to house your cleaners. Guests enjoy the motor lodge style parking outside their room. Rooms are clean and simple. Motel is very popular, currently offering the best rates in town. Property includes guest laundry facilities, courtyard with mature trees and very unique retro motel sign with chasing lights.

Full Property Details for 304 East Highway 50

  • Price: $849,000
  • Taxes: $3,827 (2016)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 1599897
  • Updated: 9/16/2017
  • Added: 8 day(s) ago

Interior

  • Interior Features: Heated Basement, Interior Basement Entrance, Remodeled, Updated, Window Coverings
  • Cooking Appliances: Dishwasher, Disposal, Dryer, Microwave Oven, Refrigerator (Kitchen), Self-Cleaning Oven, Smoke Alarm, Washer
  • Flooring: Vinyl/Linoleum, Wood

Rooms

Other Rooms

  • Laundry: Washer/Dryer Included

Exterior

  • Exterior Features: Fence, Gas Grill, Patio, Utility Shed, Yard

Parking

  • Garage Spaces: 28

Location

  • County: Chaffee
  • Neighborhood: None
  • Driving Directions: Highway 50 & D Streets in Salida

School Information

  • School District: Salida R-32
  • Elementary School: Longfellow
  • Middle School: Salida
  • High School: Salida

Heating & Cooling

  • Cooling Type: Individual Air Conditioning, Ceiling Fan
  • Heating Type: Hot Water, Radiant
  • Heating Fuel: Gas, Hot Water

Structural Information

  • Architectural Style: Other, Single-Story or Ranch, Side-by-Side
  • Construction: Frame
  • Exterior Const.: Brick, Wood Siding
  • Finished basement: Yes
  • Basement Desc.: Apartment, Apartment, Partial
  • Roof: Rolled Roofing
  • Square Feet: 7,278
  • Sq. Ft. Source: County Records
  • Down/Basement: 1,032 Sq. Ft.
  • Above Ground: 6,246 Sq. Ft.
  • Below Ground: 1,032 Sq. Ft.
  • Finished Total: 7,278 Sq. Ft.
  • Finished Below Grnd: 1,032 Sq. Ft.
  • Year Built: 1960

Unit Information

  • Units Furnished: 17

Lot Features

  • Property View: City View
  • Lot Size (Acres): 0.71
  • Lot Size (Sq. Ft.): 30,750
  • Lot Features: Corner Lot, Near Ski Area
  • Zoning: Commercial

Financial Considerations

  • Tax Amount: $3,827
  • Tax Year: 2016

Disclosures and Reports

  • APN: R380705320114

Listed by Colorado Mountain Realty

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Estimate the Cost

304 East Highway 50 will cost you if you:

  • Buy it at list price: $
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In the Community

Nearby Schools

304 East Highway 50, Salida, CO 81201 (MLS# 1599897) is a Multi-Family property with 17 units containing 0 bedrooms and 0 full bathrooms. 304 East Highway 50 is currently listed for $849,000 and was received on September 16, 2017. Want to learn more about 304 East Highway 50? Do you have questions about finding other Multi-Family real estate for sale in Salida? You can browse all Salida real estate or contact a Coldwell Banker agent to request more information.

Listed by Colorado Mountain Realty

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