UNIQUE 9+ Bed portfolio! (w/ Value Add Opportunity)

[Michael Glunk]

Fraser, Colorado | (Winter Park Ski Resort) 

UNIQUE 9+ Bed portfolio! Two homes w/ 2-3 units depending on how the properties are structured. Built in 2020. No HOA.

838 Wapiti Dr | RENTAL PROJECTIONS ($300,000+ | $25,722 per month amortized)
https://rabbu.com/airbnbs-for-sale/fraser-co-80442/838-wapit... Data is in line with owners Actual Numbers.)

Two homes, 2 legally separate parcels, sold together in a portfolio of 9+ Beds / 8+ Baths.

The owner (me) will sell 838B separately. This one individually grosses $130,000+. If interested I can send you details + listing.

838A is currently a 3 Bed / 2.5 Bath Long Term Rental
+
838B is a 6 Bed / 4.5 Bath Short Term Rental

VALUE ADD POTENTIAL
- 838B can be split off as a legal duplex. Plumbing already in place for lower level Kitchenette. Split would result in a 2 Bed / 1 Bath unit on the lower level + 4 Bed / 3.5 Bath unit on the main and upper levels. This format would increase revenues during the shoulder season. The current owner uses property during this time which is why this optimization hasn't yet happened.
- 838A has an unfinished basement. Plans done and approved. Full bathroom plumbing already roughed in the slab.

NEAR-TERM AREA DEVELOPMENT
- Winter Park Ski Resort Expansion of Additional Terrain
- Gondola from downtown Winter Park to Mountain w/ Ski Back Trail
- Fraser to Winter Park River Development (Amphitheater, Bike Park, Hiking + Biking Trails, Fishing Access)
*Article #1 Here: https://blog.winterparkresort.com/winter-park-unlocked/
*... #2 Here: https://www.thkassoc.com/fraser-river-corridor-master-plan

Reach out with any questions. I am both the agent and the owner of both of these properties. I have additional documentation, floorplans, surveys, etc. for anyone that's interested. I'm always happy to chat details if you prefer!

Best,

Michael