104 2nd St S - Apartments FOR SALE


Kremmling, CO 80459
$2,450,000 USD
970-819-4948
104 2nd St S, Kremmling, CO for Sale
$2,450,000 USD
Apartments - FOR SALE
1/47
null | Request Cap Rate

104 2nd St S
Kremmling, CO 80459


OVERVIEW

Founded in 1906, this historic boutique hotel presents considerable income potential through a hybrid model of hotel accommodations and long-term boarding. The hotel plays a vital role in addressing the shortage of extended-stay housing for local workers, supporting the Summit and Grand County workforce, and attracting visitors throughout the year. The property features 28 uniquely designed rooms, 3 apartments, and 2 commercial spaces with modern amenities like flat-screen TVs, mini-fridges, and microwaves. It holds considerable investment potential as it can continue operating as a hotel, be converted into long-term housing, or adjust the operation as needs change locally. Additionally, the hotel includes two retail spaces occupied by a clothing store and a flower shop, which can either remain as rentals or potentially be converted into extra lodging units. The Hotel Eastin provides a steady income from guests, long-term tenants, and retail leases, making it an excellent investment opportunity for hoteliers, developers, or entrepreneurs. Actual and pro forma financials are included.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

33

PRICE/UNIT

$74,242

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel Eastin

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,504 SF

ZONING

AA7

APN/PARCEL ID

R020680

ASK ABOUT THIS PROPERTY

Dan EmertPrime Investment Properties LLCMore Info
970-819-4948

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Dan EmertPrime Investment Properties LLCMore Info
970-819-4948

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.