BUDGET HOST MOTEL AND RV PARK - for Sale in Trinidad, Colorado

Seller Information

Property Description

Trinidad, Colorado has a population of 10,500 and an elevation of 5,985 feet. Trinidad is a busy coal mining and railroad center and has had an increase in population due to gas and coal mining interests.

The downtown is known for it’s architecture and brick streets. The city is located on Interstate 25 and has a Junior College and a regional hospital.

The Budget Host Motel and RV Park is located off the east side of exit 11. The motel has 26 units and the RV Park has 16 spaces. All units have door parking, cable TV with HBO and free wireless high speed internet access. There are two suites included in the 26 units. The property is located on approximately 3.37 acres and provides room for expansion. The property has cooper plumbing and city water. The sewer is septic and works very well.

The motel is a single story and two story construction with newer paint, seamless gutters and newer carpet in the units. There are 16 singles and 10 doubles and all units are in excellent condition. The 16 space RV park is behind the motel and is full most of the year. The large Derrick sign is in front of the motel and is seen from I-25 for miles. The 16 space RV has showers and cable hook-up.

The living quarters are two bedrooms with kitchen, living room with fireplace and the office is located in front of the living quarters. There is a private back yard for the owners. The property faces the Sangre De Cristo mountains and is across the street from Wal-Mart.

BUDGET HOST MOTEL AND RV PARK
10301 Santa Fe Trail
Trinidad, Colorado 81082

2008 INCOME
January $16,100
February 19,860
March 22,266
April 20,400
May 32,764
June 44,122
July 40,340
August 23,713
September 19,375
October 15,153
November 11,578
December 13,029

Total Income

$278,198

EXPENSES
Utilities (Gas, electric, water)

$29,097
Budget Host-AAA 4,341
Telephone 3,081
Supplies 6,653
Payroll 42,269
Credit Card 5,085
Insurance 4,113

Total Expenses 98,952

Net Income

179,246

Terms: Price $995,000, Down payment $250,000 and bank financing in the amount of $745,000 payable with bank terms. The bank that holds the first mortgage will finance to a new buyer.

This statement, while not guaranteed, is from sources we believe reliable.

LICENSED REAL ESTATE BROKERS IN COLORADO, NEW MEXICO, NEBRASKA, KANSAS, OKLAHOMA, TEXAS, AND WYOMING

Our office highly recommends this property.
For an appointment, please call
303-771-9012