205 Victory Way

$425,000

The Colorado Inn & Suites is a 22-unit long term stay facility that provides affordable housing for veterans, seniors, and those having trouble finding temporary accommodations. Current ownership works with several local organizations in offering housing to the community and has seen approximately 75% occupancy since taking over management and a T3 annualized cap rate of 10.8%. Units come furnished with a bed, television, mini-fridge, coffee maker, and microwave. Amenities include wireless internet, cable television, vending machines, and a laundry facility.

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Listing Details

Essential Information

MLS Number

1000517

Acres

0.36

Type

Hotel-Motel

Status

Active

Community Information

Area

Other

City

Craig

County

Moffat County

Location

205 Victory Way Craig CO 81625

State

Colorado

Complex/Subdivision

See Remarks

Amenities

Utilities

Cable Available, Electricity Available, Water Available

Parking

Parking Lot

Interior

Heating

See Remarks

Additional Information

Year Built

1938

Listing Date

2020-07-17

Days on Market

183

Financials

Price/SqFt

$36

Listing courtesy of NAI Mountain Commercial
MLS Number: 1000517

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