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Monte Villa Hotel 925 1st Ave

40 Room Hotel Monte Vista, CO 81144 $2,124,787 CAD ($53,120 CAD/Room) 10.67% Cap Rate

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Executive Summary

The Monte Villa is a historic enterprise that was built in the 1930's. This beautiful hotel offers 40 rooms, full bathrooms, a managers suit, tax benefit's for the right owner, and is in a high traffic area right on Main Street, where it gets high exposure for the business! The hotel has been recently renovated, and offers a restaurant, a bar/lounge (was known as the Villa Pub), an on-site breakfast café/ coffee shop, kitchen, multiple storage spaces, a laundry facility that is available for the staff, as well as a conference/event space that is decorated with a beautiful stained glass ceiling! Many upgrades and updates have been added and has a spacious parking lot behind it! Call to View today!

Property Facts

Price	$2,124,787 CAD	Lot Size	0.74 AC
Price Per Room	$53,120 CAD	Building Size	28,862 SF
Sale Type	Investment	No. Rooms	40
Cap Rate	10.67%	No. Stories	3
Sale Conditions	1031 Exchange	Year Built/Renovated	1930/2016
Property Type	Hospitality	Parking Ratio	1.73/1,000 SF
Property Subtype	Hotel	Corridor	Interior
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,124,787 CAD
Price Per Room	$53,120 CAD
Sale Type	Investment
Cap Rate	10.67%
Sale Conditions	1031 Exchange
Property Type	Hospitality
Property Subtype	Hotel
Building Class	B
Lot Size	0.74 AC
Building Size	28,862 SF
No. Rooms	40
No. Stories	3
Year Built/Renovated	1930/2016
Parking Ratio	1.73/1,000 SF
Corridor	Interior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.