Property Description

Three dwellings, RV storage, and multiple outbuildings make this property an ideal base of operations for a small business with employee housing, subject to approval by Garfield County. The improvements include a 960 SF front house (or office/admin building) with 2 bedrooms and 1 bathroom, a 1 bedroom, 2 bathroom main house, and a 1 bedroom, 1 bathroom apartment. Each unit has its own patio or deck area, totaling over 1,300 SF. There is plenty of parking, and outbuildings include a large metal barn, log storage building, metal shelter, and a well pump shed with additional storage. The property is surrounded on three sides by over 100 acres that is currently leased by Western Slope Materials. WSM anticipates that they will discontinue aggregate mining in 3 to 5 years and a reclamation plan is in place for how the surrounding land will be beautifully restored. This location is very convenient to I-70, Silt, Rifle and all the valley has to offer. For ease of showings and sale, two of the rentals have been vacated and the third unit is month-to-month. Gross rental income was recently $6,450/mo, over 9% cap-rate potential, and a buyer may wish to capitalize on other untapped rental potential. This is an incredible investment opportunity. Call today for a private tour! Buyer to conduct all necessary due diligence to verify desired uses, rental potential and any required permitting with government agencies.

Property Features