Completely remodeled to Telluride Standards in 2010, The Back Country Inn is a anchor property for Norwood. The Builder/Owner (who teamed to build the Madeleine Hotel) went down to the studs, with new electrical, new sewer, new plumbing, new landscaping and new quality finishes. The 1.55 acres has plenty of room for expansion. The back of the property houses more income producing modular apartments, and has set ups for 7 RV spaces. With excellent management in place, and over $1,650,000 seller vested in costs, this is an excellent investment property with built in $200,000 in immediate equity, or opportunity to enjoy the fruits of self employment in the up and coming Norwood community. 9% Cap Rate for Owner Operator!
|Days On Site||507|
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2017. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to "limited license" rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer
Real Estate listings held by companies other than 2104:66 contain that company's name.
Fair Housing Disclaimer