UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,673 sqft
Price per Sqft $363
Subdivision Townsite Of Glenwood Springs
MLS Listing ID 187618
Bedrooms 12
Full Baths 4
HOA Y/N Yes
Originating Board Aspen Glenwood MLS
Year Built 1994
Annual Tax Amount $4,699
Tax Year 2024
Lot Size 5,300 Sqft
Acres 0.12
Property Sub-Type Single Family Residence
Property Description
for investors seeking steady cash flow and long-term upside. The Glenwood Springs Hostel has a proven
rental track record, serving both short-term visitors and long-term tenants with its versatile layout and
income diversity. The property spans two well-maintained buildings: a charming historic front house
dedicated to nightly rentals, and a more modern rear building featuring a one-bedroom apartment and
additional short-term rental units. With dual zoning flexibility, multiple income streams, and unbeatable
proximity to the region's top attractions, this asset is primed for continued success. Whether you are an
owner-operator or a passive investor, 1021 Grand Avenue delivers both immediate returns and future
growth potential.
Two Buildings. Multiple Income Streams. Timeless Demand.
1021 Grand Avenue is composed of two purpose-built residences: a character-rich 191 O front home offering monthly lodging and a 1994 rear building featuring a long-term apartment over monthly room rentals. Designed to meet demand from both tourists and workforce renters, this well-diversified asset produces consistent monthly income from 22 beds, a separate apartment, and laundry facilities - with all units currently occupied.
Contact us today for details or a private tour!
Location
State CO
County Garfield
Community Townsite Of Glenwood Springs
Area Glenwood Springs
Zoning M2
Direction South on Grand Ave, Property is on the West side of Grand
Interior
Heating Hot Water, Forced Air
Inclusions See Remarks
Exterior
Utilities Available Natural Gas Available
Garage No
Building
Lot Description Landscaped
Water Public
Architectural Style Other, Two Story
New Construction No
Others
Tax ID 218509427011
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
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