Rare investment opportunity with excellent income potential! Formerly a motel, this unique property has been thoughtfully converted into a thriving apartment complex. It features a single-family log home (1,388 sq ft) plus five rental apartments totaling 2,808 sq ft. The main home is move-in ready, offering two comfortable bedrooms, a spacious third bedroom with access to the back patio, and a bright bonus room currently used as a workout space. The five rental apartments include three 1-bed/1-bath apartments (approximately 24' x 24'), all currently rented, and two additional studio apartment. Each rental features restored oak flooring, access to shared laundry facilities, and inviting outdoor sitting areas. Centrally located, the property is just a short walk to the Arkansas River—renowned for Gold Medal fishing—and only minutes from skiing, rafting, hiking, and more well-positioned for strong rental demand. Whether you're looking to live on-site and offset expenses or expand your investment portfolio, this is a true diamond in the rough!
Property Features
Heating Information
Electric
Forced Air
Propane
Wood Stove
House Interior
Built-in Features
Ceiling Fan(s)
Eat-in Kitchen
Kitchen Island
Utilities
Cable Available
Electricity Connected
Propane
Cooling Information
Ceiling Fan(s)
Other
Fire Place
Living Room
Wood Burning Stove
Parking
Gravel
School Information
School Information for 8284 US Highway 50, Howard, CO 81233
Elementary School
Cotopaxi
Middle School
Cotopaxi
High School
Cotopaxi
Listing Courtesy: Pinon Real Estate Group LLC - 719-539-0200
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Metrolist Inc MLS - Professional (Denver).
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383 Inverness Parkway Suite 140, Englewood, CO 80112