TITLE:
Wishing Well
CONTROL:
Exclusive
VALUE:
$2,500,000
LOAN:
$1,300,000
EQUITY:
$1,200,000
TYPE:
Hotel/Motel
HAVE:
Wishing Well Motel and Multi-Use Property. Nestled between Highway 21 and the breathtaking Pikes Peak National Forest in Woodland Park, CO, the Wishing Well Motel is a unique investment opportunity offering unmatched versatility and visibility.
ADDRESS:
425 CR 21, Woodland Park, Colorado
BENEFITS TO NEW OWNER:
Multi-Income Streams
Prime Location
Development and Expansion Potential
Stable Market Demand
Value-Add Opportunities
OTHER FILES:
GROSS SCHEDULED INCOME:
$118,398 Actual
VACANCY LOSS:
$27,064
GROSS EFFECTIVE INCOME:
$91,334
EXPENSES:
$74,000
NOI:
$17,334
DEBT SERVICE:
$780,000
CASH FLOW:
$-762,666
CAP RATE:
0.69%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,100,000
$6,500
7%
06/01/2050
No
CAN ADD:
-Coyote West Motel
-El Colorado
-6 Acres of Vacant Land in Fountain Colorado with utilities to lots
REMARKS:
This property presents a rare combination of hospitality, residential, and agricultural income potential. Whether you’re looking to expand your investment portfolio, develop a new project, or continue its current operations, the Wishing Well is a one-of-a
COUNSELOR:
Kayla Mahoney
Engel Voelkers
1041 S Gaylord St,
Denver, Colorado, 80209
