Aspen Inn Creede | 123 N Main St
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Aspen Inn Creede 123 N Main St
4 Room Hotel Creede, CO 81130 $950,000 ($237,500/Room)
Investment Highlights
- Beautiful rooms
- recent renovation
- Great Location
Executive Summary
Own a piece of downtown Creede! This building was Creede's firehouse for many many years before being remodeled and turned into a restaurant and Inn. Today it is the Aspen Inn upstairs, with 5 bedrooms, 4 baths. Profitable business! The downstairs is leased out to a local brewery for a secondary taproom (longterm lease established, but can be negotiated).
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$125,000
|
$24.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$125,000
|
$24.80
|
| Taxes |
$11,000
|
$2.18
|
| Operating Expenses |
$92,000
|
$18.25
|
| Total Expenses |
$103,000
|
$20.44
|
| Net Operating Income |
$22,000
|
$4.37
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $125,000 |
| Annual Per SF | $24.80 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $125,000 |
| Annual Per SF | $24.80 |
| Taxes | |
|---|---|
| Annual | $11,000 |
| Annual Per SF | $2.18 |
| Operating Expenses | |
|---|---|
| Annual | $92,000 |
| Annual Per SF | $18.25 |
| Total Expenses | |
|---|---|
| Annual | $103,000 |
| Annual Per SF | $20.44 |
| Net Operating Income | |
|---|---|
| Annual | $22,000 |
| Annual Per SF | $4.37 |
Property Facts Under Contract
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 4 | $152.00 | - |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $251,153 (2023) | |
| Land Assessment | $42,074 (2023) | Annual Taxes | $11,000 ($2.18/SF) |
| Improvements Assessment | $209,079 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$42,074 (2023)
Improvements Assessment
$209,079 (2023)
Total Assessment
$251,153 (2023)
Annual Taxes
$11,000 ($2.18/SF)
Tax Year
2022
zoning
| Zoning Code | commercial (Commercial) |
| commercial (Commercial) |
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Aspen Inn Creede | 123 N Main St
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