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For sale 1 day ago

$1,300,000

3 bd ba 2093 sqft

838A Wapiti Drive, Fraser, CO 80442

Residential Vacation Rental Occupied Off MLS

Current Rent **

$3,433

Projected Rent **

$4,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Winter Park Ski House

Set in the heart of Rocky Mountain adventure sits this versatile rental. To date, this property has been used as a long-term rental. I built the larger home next door along with this one. I STR the one next door 838B and LTR this one 838A. I wanted to diversify my risk as I just started renting around both of these properties when COVID started and have great LTR tenants in this one so I've kept it as an LTR. However, you could STR this property as there are no restrictions and licenses are easily obtained via application with no restrictions.

Or buy both properties and STR them individually as well as via a package to cater to larger groups. This property has room for a value add by finishing off the basement. With the ability to finish the basement and increase rents by conversion to an STR. The walkout basement currently is unfinished but has rough plumbing for a full bath and also contains the laundry area. The lower deck is also pre-wired for a hot tub.

This new stylish 3-bedroom, 2.5 bath single-family home is close to everything the valley has to offer, including a bus stop that is only a mere 20 years from the home.

Featuring an inviting interior, gas fireplace, and 2 decks overlooking snow-capped mountain peaks, this Fraser home will serve as the perfect base for all your outdoor adventures. I don't currently have interior pictures, but will grab some the next time I am at the property. The finishes are similar to those in the 838B Wapiti listing, so take a look at this listing for a frame of reference.

The space
20 Yards to Bus Line | 2,093 Square Feet | Mountain Views | Modern Interior

This chic mountain refuge offers easy access to all-season alpine destinations and makes for the perfect place to gather with friends or family in between exciting outdoor adventures!

*No HOA.

*I own the home next door and would be willing to sell that as well. (838B Wapiti Drive)

*If you are an agent and bring me a buyer I will offer an agent commission. If you are an agent do not contact me asking to list this property.

Location:

838A Wapiti Drive, Fraser, CO 80442

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.