The Norwood Inn is your next cash flow machine! This property is currently Netting an 12.8% Cap rate for a hands off investor. All 12 rooms have an attached kitchen and bath and have been improved inside with new paint, trim, beds, faucets, hardware and lighting. All rooms have a fridge and either an oven or hotplate. Past Deferred maintenance has been taken care of by the current owner so you can sit back, relax and watch the income roll in. A great opportunity for an owner-operator or a hands-off investor. Additional Owner/Night Auditor unit attached to office. Income is very reliable with many repeat commercial guests. Business peaks in the summer and fall, leaving more time in the winter for an owner operator to get out and enjoy skiing at the world renowned resort of Telluride just 45 minutes away. The Norwood Inn is a prime downtown location with plenty of off street parking, and close proximity to restaurants and a grocery store. The clientele primarily consists of business travelers (contractors, road crews, engineering, mine maintenance) who tend to stay for longer periods. This translates to fewer cleaning hours, part time desk attendance and lower overall labor expense. For sale turn-key, seller is also willing to be creative and may consider carrying a 2nd if potential buyer can come up with a majority from cash/primary loan. Please call agent for additional info, do not disturb tenants/manager. http://norwoodcolorado.com/
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