1160 Grand AvenueNorwood, CO 81423MLS Number 34477

  • Price: $1,450,000
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Federal 30-year interest rate: 4.03% last updated on May 25, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1.55Acreage
  • 16Bathroom
  • 1953Year Built
  • 8153Square Feet

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Completely remodeled to telluride standards, the back country inn is a anchor property for norwood. The builder/owner (who teamed to build the madeleine hotel) went down to the studs, with new electrical, new sewer, new plumbing, new landscaping and new quality finishes. The 1.55 acres has plenty of room for expansion. The back of the property houses more income producing modular apartments, and has set ups for 7 rv spaces. With excellent management in place, and over $1, 650, 000 seller vested in costs, this is an excellent investment property with built in $200, 000 in immediate equity, or opportunity to enjoy the fruits of self employment in the up and coming norwood community.

Listed by Denise Scanlon, Broker Associate and Polly Leach-lychee of Telluride Properties

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More Info

Basic Information

  • Bathroom16

Property

  • Acreage1.55
  • List Price$1,450,000
  • MLS Number34477
  • Property Type35 Acres and Below Commercial
  • Parking DescriptionDesign Open
  • Property View DescriptionVillage, Fields &, Mountains
  • Total Units16
  • Open Area Parking3 Car +
  • Year Remodeled2010

Location

  • Address1160 Grand Avenue
  • SubdivisionNone
  • VillageNorwood, Town of - 51 (Major Area 50)
  • TownNorwood
  • CountySan Miguel
  • StateCO
  • Zip81423

Exterior

  • ExteriorLog, Stone, Wood (Natural)

Other

  • Tax Year2016
  • Annual Tax$8,517
  • Appliances
    • Dishwasher
    • Dryer
    • Kitchenette
    • Microwave
    • Refrigerator
    • Washer
  • View Count14

Building

  • Square Feet8153
  • Year Built1953
  • Approximate Age64
  • Square Foot SourceAssessor
  • SubstructureFrame

Interior

  • RoomsKitchenette, Office, Other, Storage

Water Body

  • WaterCity
Telluride Real Estate Corp. | Robert Stenhammer
Office: 970-708-7771
567 Mountain Village Blvd
#106 A
Telluride, CO 81435

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