Rare investment opportunity with excellent income potential! Formerly a motel, this unique property has been thoughtfully converted into a thriving apartment complex. It features a single-family log home (1,388 sq ft) plus five rental apartments totaling 2,808 sq ft. The main home is move-in ready, offering two comfortable bedrooms, a spacious third bedroom with access to the back patio, and a bright bonus room currently used as a workout space. The five rental apartments include three 1-bed/1-bath apartments (approximately 24' x 24'), all currently rented, and two additional studio apartment. Each rental features restored oak flooring, access to shared laundry facilities, and inviting outdoor sitting areas. Centrally located, the property is just a short walk to the Arkansas River—renowned for Gold Medal fishing—and only minutes from skiing, rafting, hiking, and more well-positioned for strong rental demand. Whether you're looking to live on-site and offset expenses or expand your investment portfolio, this is a true diamond in the rough!
Listing Office: Pinon Real Estate Group LLC
Cable Available, Electricity Connected, Internet Access (Wired), Propane
Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Kitchen Island
Dishwasher, Dryer, Range Hood, Refrigerator, Washer
Electric, Forced Air, Propane, Wood Stove
Living Room, Wood Burning Stove
Fire Pit, Garden, Lighting, Private Yard, Rain Gutters
Landscaped, Level, Many Trees, Open Space
Double Pane Windows, Window Coverings
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Listing information last updated on June 22nd, 2025 at 11:03am MDT.