Rare investment opportunity with excellent income potential! Formerly a motel, this unique property has been thoughtfully converted into a thriving apartment complex. It features a single-family log home (1,388 sq ft) plus five rental apartments totaling 2,808 sq ft. The main home is move-in ready, offering two comfortable bedrooms, a spacious third bedroom with access to the back patio, and a bright bonus room currently used as a workout space. The five rental apartments include three 1-bed/1-bath apartments (approximately 24' x 24'), all currently rented, and two additional studio apartment. Each rental features restored oak flooring, access to shared laundry facilities, and inviting outdoor sitting areas. Centrally located, the property is just a short walk to the Arkansas River—renowned for Gold Medal fishing—and only minutes from skiing, rafting, hiking, and more well-positioned for strong rental demand. Whether you're looking to live on-site and offset expenses or expand your investment portfolio, this is a true diamond in the rough!
Exterior Features
Style Rustic
Construction Single Family Residence
Siding Wood Siding
Exterior Fire Pit, Garden, Lighting, Private Yard, Rain Gutters
Roof Metal
Garage No
Garage Description Gravel
Sewer Septic Tank
Lot Description Landscaped, Level, Many Trees, Open Space
Interior Features
Appliances Dishwasher, Dryer, Range Hood, Refrigerator, Washer
Heating Electric, Forced Air, Propane, Wood Stove
Cooling Other
Basement Concrete Perimeter
Fireplaces 1
Fireplaces Description Living Room, Wood Burning Stove
Year Built 1954
Neighborhood & Schools
Subdivision Howard
Elementary School Cotopaxi
Middle School Cotopaxi
High School Cotopaxi
Financial Information
Parcel ID 78002110
Zoning Business-B
Listing Information
Properties displayed may be listed or sold by various participants in the MLS.