614 Rose ST new to site Save Request In-Person Tour Request Virtual Tour
Georgetown,CO 80444
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $285
Subdivision Downtown Historic District
MLS Listing ID 3041347
Style Traditional
Bedrooms 8
Year Built 1875
Annual Tax Amount $7,298
Tax Year 2024
Lot Size 6,000 Sqft
Property Sub-Type Quadruplex
Property Description
Dreamed of running a B&B in the mountains? This is your chance. Live on-site with a use update or live off-site and get more rental income! Fully renovated 1875 historic building, "the old mercantile store", and prior to that it was the St James Hotel and Bar. Many fun facts attached to this property - featured in a John Denver movie and Clint Eastwood movie. Special events during summer, and Christmas Market every year.
This property does very well for the winter with a full shared kitchen, laundry on site and in room, and breakfast essentials provided along with coffee makers and frig/microwave in room make this a great place to stay for skiing. Easy drive to Loveland, Winter Park and Copper, Breck, Keystone.
Everyone loves the historic ambiance and some original details and signage at the property along with comfortable beds and fully renovated bathrooms with soaking tubs. Great for entire hotel rentals, does well on STR sites at $1000-1200/night.
Vacant property appraised at $1.35M with all the updates and finishes made along with wet fire sprinkler system for $100K installed. Available historic tax credits and interest free loans and grants to update the exterior available from the state and county.
Many upside opportunities available including liquor license, finish the 200SF shed for another suite, add more in-room amenities or better breakfast for a more upscale stay. Low rates currently, so lots of room to bring in more revenue!
All furniture included at list price. Please contact listing agent/owner for a personal tour.
Location
State CO
County Clear Creek
Zoning SUP - Res/Commercial
Interior
Heating Natural Gas
Cooling None
Flooring Brick,Tile,Vinyl
Fireplaces Number 2
Fireplaces Type Free Standing
Exterior
Parking Features Concrete
View City,Mountain(s)
Roof Type Composition
Building
Lot Description Level
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Georgetown Community School
Middle Schools Clear Creek
High Schools Clear Creek
School District Clear Creek Re-1
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,Qualified Assumption
Listing Terms 1031 Exchange,Cash,Conventional,Qualified Assumption
Special Listing Condition None