1601 US Highway 34

Drake, CO 80515
Square Ft.
8,963
$1,550,000
22 plus acres - Beautiful Building and 12 RV spaces and also the US Post Office has ground lease. There is currently a bar/restaurant and beer garden in the Lodge along with 9 rooms upstairs, an up/down duplex and a managers apartment on the main floor. The 12 RVRead MoreRead Less
Market LogoCourtesy of Keller Williams DTC [email protected]
Listing Snapshot
Days Online
1
Last Updated
Property Type
Special Purpose
Square Ft.
8,963
Lot Size
22.61 Acres
Year Built
1901
MLS Number
5591637
30 Days Snapshot Of 80515
$542k
+14%
(avg) sold price
9
+350%
homes sold
94
-56%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: "Public", Road Responsibility: "Private Maintained Road", Road Surface Type: "Gravel"
Building
Architectural Style: "Mountain Contemporary", Building Class: Class B, Building Name: River Forks Inn, Construction Materials: "Frame", "Wood Siding", Effective Year Built: 2015, Features: "On Site Management", Stories: 2, Structure Type: "Free Standing", Total Area: 8963, Unit Count: 1, Unit Types: "Array", Built in 1901, 25 total units
Disclosures
Exclusions: Antler Light Fixture in entry, it is part of a set, Owner will replace with similar.
Expenses
Operating Expense Includes: "Insurance", "Internet", "Maintenance", "Real Estate Tax", "Staff", "Utilities", Operating Expense: $187,497, Projected Annual Expense: $225,763
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Actual Annual Net Income: 116870.00, Gross Income: $304,667, Projected Annual Net Income: $291,986, Projected Gross Income: $517,749
Lot
Acres: 22.61, Area: 22.61, Parcel Number: R0608661, Square Feet: 984891.6
Energy Saving
Green Verification Count: 0
Parking
Parking Total: 32, Carport Spaces: 0, Offstreet Spaces: 32, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1
Property
Current Use: "Recreational", "Residential", "Restaurant", Property Sub Type: Special Purpose, Well Type: Private, Zoning: O
Roof
Roof: "Composition"
Security Features
Features: "Carbon Monoxide Detector(s)", "Smoke Detector(s)"
Sewer
Sewer: "Septic Tank"
Taxes
Annual Amount: 22949, Legal Description: POR 3-5-71 DESC AS COM AT N1/4 COR SD SEC 3, SD PT BEING TPOB, TH S 00 13' 00 W 878.00 FT M/L TO PT ON N LN NORTH FORK SUBDIVISION; TH ALG SD NRLY BNDRY LN SD NORTH FORK SUBDIVISION, S 81 30' 00 W 405.00 FT; TH N 00 00' 00 W 253.72 FT; TH N 90 00' 00, Tax Year: 2024
Tenant Pays
Tenant Count: 1
Utilities
Electric: "110V", "220 Volts", Power Production Count: 0, Utilities: "Electricity Connected", "Phone Connected", "Propane", "Sewer Connected", Water Included, Water Source: "Well"
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Cameron McClellan
Team Owner | REALTOR®
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