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$7,750,000
115 Days Online

860 County Rd 142 Road
Lake City, CO 81235

For Sale|Multi-Family|Active
County:
Hinsdale

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860 County Rd 142 Road860 County Rd 142 Road860 County Rd 142 Road860 County Rd 142 Road
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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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Listing Snapshot
Price
$7,750,000
Days Online
115 Days
Bedrooms
N/A
Inside Area (SqFt)
170,263 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
14 Acres
Year Built
2006
MLS Number
9987030
Status
Active
Property Tax
$1,595
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS
4 months agoListing first seen online
General Features
Construction
Log
Parking
DrivewayGravel
Parking Spaces
0
Sewer
Public Sewer
Electric
Item220 Volts
Acreage
14
Water
Public
Property Sub Type
Multi Family
Attached Garage
No
Utilities
Electricity ConnectedHigh Speed Internet AvailablePropanePhone ConnectedSewer Connected
Listing Conditions
None
Interior Features
Fireplace
No
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Exterior Features
Roof
Metal
Spa
No
Waterfront Property
No
Exterior
BalconyBarbecueGardenGas GrillLightingPlayground
Lot
FoothillsLandscapedNear Ski Area
Patio And Porch
Balcony
Road Frontage
EasementPrivate RoadPublic Road
Listing courtesy of Capital Property Group LLC



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Neighborhood & Commute
Source: Walkscore
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