$1,990,000
Glenwood Springs, CO 81601
MLS# 183535
12 beds | 4 baths | 4673 sqft
1 / 20
Property Description
Welcome to the opportunity of a lifetime! The renowned Glenwood Springs Hostel is now available for acquisition. Boasting an impressive rental track record, catering to both long-term residents and short-term guests, this property is a gem waiting to be uncovered. Featuring dual zoning, the possibilities are endless for this prime Grand Avenue location. Constructed in two distinct eras, the front building dates back to 1910, while the rear building, erected in 1994, offers more modern amenities. The rear structure houses a complete apartment upstairs, ideal for long-term leases, while the ground floor caters to short-term rentals. Meanwhile, the front building is dedicated to nightly lodging, providing a steady stream of income. With only three previous owners, this is a rare chance to stake your claim in the vibrant community of Glenwood Springs. Don't miss out on securing your future - reach out today for further details!
Details
Maps
Documents
Location Info
Current Price: $1,990,000
Type: Residential Income
Major Area: Glenwood Springs
Area: 09-Glenwood Proper
Original List Price: 1990000
Asking Price: 1990000
Street #: 1021
Street Name: GRAND
Street Suffix: Avenue
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601
Keywords Info
Bedrooms: 12
Total Baths: 4
Baths - Full: 4
Lot Size: 3,001 - 6,000
Acreage: Refer to Lot Size
Garage: None
Pre-Fabricated Home: No
Listing Info
Listing Date: 2024-05-03
Seller is licensed Realtor: No
REO: No
Member Association: Glenwood Association
County: Garfield
General Info
Sub/Loc: Townsite of Glenwood Springs
Legal: SECTION: 9 TOWNSHIP: 6 RANGE: 89 SUBDIVISION: ORIGINAL TWNSTE. GLENWOOD BLOCK: 18 LOT: 22 AND:- LOT: 23 & PT OF LOT 21 5
Zoning: M2
Nbr of Acres: 0.12
Lot SqFt: 5300
Lv Ht SqFt: 4673
Total SqFt: 4673
Price/LvH SqFt: 425.85
Levels: 2
Main Floor Master: No
Year Built: 1994
Unit Faces: East
Parcel #: 218509427011
Directions: South on Grand Ave, Building is on the right (west) side of Grand
Financing Info
Metro Tax District: No
Taxes: 4550
Tax Year: 2023
Transfer Tax: No
HOA Dues Y/N: No
HOA Transfer Fee: No
Status Change Info
Status: Active
Remarks
Public Remarks: Welcome to the opportunity of a lifetime! The renowned Glenwood Springs Hostel is now available for acquisition. Boasting an impressive rental track record, catering to both long-term residents and short-term guests, this property is a gem waiting to be uncovered. Featuring dual zoning, the possibilities are endless for this prime Grand Avenue location.
Constructed in two distinct eras, the front building dates back to 1910, while the rear building, erected in 1994, offers more modern amenities. The rear structure houses a complete apartment upstairs, ideal for long-term leases, while the ground floor caters to short-term rentals. Meanwhile, the front building is dedicated to nightly lodging, providing a steady stream of income.
With only three previous owners, this is a rare chance to stake your claim in the vibrant community of Glenwood Springs. Don't miss out on securing your future - reach out today for further details!
Exclusions
Exclusions: Seller Personal Property/Tenant Personal Property
Property Features
Laundry Facility: Common Area
Style: Two Story
Construction: Frame
Substructure: Crawl Space; Finished Basement
Roof: Composition Shingles
Condition: Good
Heating: Forced Air; Hot Water
Gas: Natural Gas
Cooling: None
Sanitation: Sewer
Parking Area: 2 Car
Extras: Storage Shed
Terms Offered: Cash; New Loan
Mineral Rights: No
Water Rights: No
Documents on File: Financials
Sign: No
Inclusions: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Floor plan Rear Home 
Listing Office: Slifer Smith & Frampton RFV
Last Updated: May - 03 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2020 by Aspen/Glenwood Springs MLS, Inc. 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 consent of the Aspen/Glenwood Springs MLS, Inc.
Broker Attribution:
(970) 925-8088