$1,175,000
9,900 sq. ft.
37.4444 -107.556

18645 Cr 501 Vallecito Lake/Bayfield, CO 81122

$1,175,000
Est. Monthly $5,975 recalculate
9,900 sf
 

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2218 East Main
Cortez, CO 81321
970.­565.8408
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CENTURY 21 West Slope Realty
2218 East Main Cortez, CO 81321
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18645 Cr 501
Vallecito Lake/Bayfield, CO 81122

Explore This Property

Multi-Family (2-4 Units) - Jeff Reynolds, RE/MAX Pinnacle, C: 970-403-4008, reynolds.jeff1991@gmail.com, www.durangoproperties.net: Silver Streams Lodge and Guest Cabins--This beautiful property consists of a classic log lodge, and 5 separate cabins with a total of 9 separate units, on 3.47 acres. This property was at one time used as a summer resort getaway, but is now primarily used as monthly rentals. The Lodge has previously housed a restaurant- now this building has been converted into 2 rental units (but could easily be converted back to its former use). There are (2) cabins that are duplexes, each unit is 1 bedroom/1 bath. There are (2) large 2 bedroom/ 1 bath cabins. There is also a 3 bedroom/2 bath unit. This property is in a prime Vallecito location, close to the Lake, with good mountain views, and good County Road frontage. There is a large fishing pond on the property, that has been stocked yearly with trout- which has provided substantial additional income in past years. There is additional space for at least one more cabin, with a foundation and utilities already in place. The water well is actually a decreed water system- Silver Streams Well #1. Case # W1639. This water system not only services these 9 units, but also services 6 other nearby cabins for additional income. There may be an option to purchase one or more of these cabins in the future. There may also be an option to create several RV parking spaces if desired. These cabins are rarely vacant, and this property provides good cash flow, with potential to create more income in a variety of ways. Seller financing is available.
MLS # 733378
Courtesy Of RE/MAX Pinnacle

Property Features

  • Age: Over 50 Years Old
  • Amenities: Water Front
  • Architecture Style: Other
  • Lot Size: 3.47 Acres
  • Roof Type: Unknown

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $5,975Your estimated monthly payment
    $235,00020% Down Payment
    $1,175,000 $1,057,500
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    BAYFIELD ELEMENTARY SCHOOL
    Grades 2-5 | Public School

    BAYFIELD, CO 81122
    511 MUSTANG LN
    970-884-9571
    15.3
    miles

    Total Students 455
    Student Teacher Ratio 15:1

    School Rating

    2 stars View School Details
    Middle School
    BAYFIELD MIDDLE SCHOOL
    Grades 6-8 | Public School

    BAYFIELD, CO 81122
    615 E. OAK, 24 CLOVER DR
    970-884-9592
    14.2
    miles

    Total Students 326
    Student Teacher Ratio 16:1

    School Rating

    3 stars View School Details
    High School
    BAYFIELD HIGH SCHOOL
    Grades 9-12 | Public School

    BAYFIELD, CO 81122
    800 COUNTY ROAD 501
    970-884-9521
    14.2
    miles

    Total Students 355
    Student Teacher Ratio 15:1

    School Rating

    2 stars View School Details

    Local Area Information for Bayfield, CO 81122

    Median Age: 42.6
    Married: 48.9%
    Number of Households: 3,673
    Households with Children: 971
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.