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205 Victory Way Photo 1
Favorite 205 Victory Way Craig, CO 81625 | Other
$465,000
  • 11,788 +/- Sqft

  • Property Type
    Commercial Sale – Hotel/Motel
  • Subdivision
    See Remarks
  • Listing Date
    07/17/20
  • MLS#
    1000517
  • Year Built
    1938
  • County
    Moffat
  • Area
    Other
  • Lot Size
    0.36 Acres (15,682 SqFt)
  • Parking
    Parking Lot

Property Description

The Colorado Inn & Suites is a 22-unit long term stay facility that provides affordable housing for veterans, seniors, and those having trouble finding temporary accommodations. Current ownership works with several local organizations in offering housing to the community and has seen approximately 75% occupancy since taking over management and a T3 annualized cap rate of 10.8%. Units come furnished with a bed, television, mini-fridge, coffee maker, and microwave. Amenities include wireless internet, cable television, vending machines, and a laundry facility.

Presented By

Dudley Ottley - Slifer Smith & Frampton Real Estate
Dudley Ottley
Phone
970.390.9350

I'm Interested

Property

New Construction
Yes
Building Levels
1
Unit Entry Level
1
Available Utilities
  • Cable Available
  • Electricity Available
  • Water Available
Heating
  • See Remarks

Financial Information

Current Tax Amount
$1,289
Current Tax Year
2020
Transfer Tax
0.00%

Active Listings Sold Listings (within the past 3 years)
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Listing courtesy of NAI Mountain Commercial

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