Monte Villa Hotel | 925 1st Ave
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Monte Villa Hotel 925 1st Ave
40 Room Hotel Monte Vista, CO 81144 £1,172,893 (£29,322/Room) 10.67% Net Initial Yield
Executive Summary
The Monte Villa is a historic enterprise that was built in the 1930's. This beautiful hotel offers 40 rooms, full bathrooms, a managers suit, tax benefit's for the right owner, and is in a high traffic area right on Main Street, where it gets high exposure for the business! The hotel has been recently renovated, and offers a restaurant, a bar/lounge (was known as the Villa Pub), an on-site breakfast café/ coffee shop, kitchen, multiple storage spaces, a laundry facility that is available for the staff, as well as a conference/event space that is decorated with a beautiful stained glass ceiling! Many upgrades and updates have been added and has a spacious parking lot behind it! Call to View today!
Property Facts
| Price | £1,172,893 | Lot Size | 0.74 AC |
| Price Per Room | £29,322 | Building Size | 28,862 SF |
| Sale Type | Investment | No. Rooms | 40 |
| Net Initial Yield | 10.67% | Number of Floors | 3 |
| Sale Conditions | 1031 Exchange | Year Built/Renovated | 1930/2016 |
| Property Type | Hospitality | Parking Ratio | 1.73/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | Opportunity Zone |
Yes
|
| Price | £1,172,893 |
| Price Per Room | £29,322 |
| Sale Type | Investment |
| Net Initial Yield | 10.67% |
| Sale Conditions | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.74 AC |
| Building Size | 28,862 SF |
| No. Rooms | 40 |
| Number of Floors | 3 |
| Year Built/Renovated | 1930/2016 |
| Parking Ratio | 1.73/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Business Centre
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | £155.71 | - |
| Guest Room | 35 | £115.80 | - |
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PROPERTY TAXES
| Parcel Number | 3531309003 | Improvements Assessment | £101,282 |
| Land Assessment | £31,779 | Total Assessment | £133,061 |
PROPERTY TAXES
Parcel Number
3531309003
Land Assessment
£31,779
Improvements Assessment
£101,282
Total Assessment
£133,061
zoning
| Zoning Code | C (Commerical) |
| C (Commerical) |
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Monte Villa Hotel | 925 1st Ave
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