For Sale
$2,695,000

4332 County Road 54GLaporte, CO 80535

Mountain Town Motel: High Occupancy, Great ROI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents the Elkhorn Motel, a 14-key property situated on a spacious 2.9-acre lot in Laporte, Colorado. Built in 1966 and renovated in 1996, this two-story, 7,082 square foot motel boasts a 100% occupancy rate, generating a strong NOI of $130,800 and a 4.85% cap rate. The asking price is $2,695,000, translating to $380.54 per square foot. The property includes a substantial 7-bedroom house with an open living room and a balcony offering stunning mountain views. Rental units comprise one one-bedroom unit, seven studio units with kitchenettes, and six studio units equipped with microwaves and mini-fridges. The motel's long-standing reputation and the open zoning permit a variety of future development possibilities. This unique property offers a compelling blend of established income and significant upside potential in a desirable mountain town location. The property is located at 4332 W County Rd 54G, Laporte, CO 80535.

Highlights

  • Price: $3,000,000
  • 2.9-acre lot with 44-year-old Elkhorn Motel
  • Spacious 7-bedroom, 2,992 SF owner's house with balcony and great views
  • 4,090 SF of rental units: 1 one-bedroom, 7 studio units with kitchenettes, and 6 studio units with microwaves and mini-fridges
  • Open zoning
  • 48-hour notice required for showings

Property Details for 4332 County Road 54G

Property type
Hospitality properties, Motels
Square Feet
7,082 SF
Year Built/Renovated
1966/1996
Buildings
1
Stories
2
Lot Size (sq. ft)
126,324 SF

Location Insight

City
Laporte
County
Larimer
State
Colorado
Latitude
40.635353398368
Longitude
-105.15821214962
4332 County Road 54G, Laporte, Colorado

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4332 County Road 54G
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