Red Mountain Inn

Olive Real Estate Group is pleased to offer the Red Mountain Inn & Suites for sale.

Located in Glenwood Springs, Colorado, the property offers 41 extended-stay units, several of which are free-standing buildings. All units have kitchens or kitchenettes with full sized refrigerators.

Over $700,000 of capital improvements have occurred in the past three years. With on-site management in place, this is a rare turn-key opportunity in a market with fierce demand and very limited workforce housing availability.

The delightful community setting offers park-like amenities and additional land behind existing structures for future development potential.

Primarily rented on a month-to-month basis, The Red Mountain Inn and Suites provides desperately needed workforce housing in a strong, desirable market where median list prices for residential properties now exceed $912,000 or $508 per sq ft.

Unlike most hospitality properties, occupancy is always high, with a waiting list for new move-ins as quickly as units are ready. Current occupancy is 100%

Don’t miss this opportunity to invest in a market with high demand and very little competition in the workforce housing sector.

41 Units- 100% Occupied

8.91% Cap on Actuals

Turn-key

No Deferred Maintenance

Booming Market

$700,000+ of Cap Ex