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614 Rose Street, Georgetown, CO 80444

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For Sale

$1,450,000

8 beds • 6 baths • 1 half baths • 4,120 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $351.94
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Completely remodeled and converted back to a hotel finished in 2024! The St James Hotel is Georgetown's newest and nicest hotel and has quickly ramped up the 5 star reviews! We are looking for a buyer to own and operate this hidden gem, join the community, and properly run this magnificent property as it should be. This property could easily be worth $2M in the span of five years based on income alone. After 2025, income projections show it will be valued above $1.7M.  The price is firm, however there is an SBA loan which is assumable. The financials support the price at an 8 cap rate. The building has a brand new fire sprinkler and fire alarm system to protect all the new renovations and furnishings along with the guests! This property does not need daily hands-on operation, and can be run remotely with some local contract cleaning services. We operate currently with remote check-in, provide light breakfast and fully stocked shared kitchen for guests. The boutique hotel is the highest and best use for this property and it has the history to back it up. This is not a fixer or something you will want to change much, but only enhance as time goes on, providing a new Georgetown Legacy and added value, increasing room rates over time. Appraised June 1, 2024 for $1.52M. Our first month open - July 2024 we were 80% occupied. August and September were the same. October was slightly less and November is only around 45% but that is to be expected. The ADR is $145, and expenses are very reasonable to operate. All the bathrooms, fixtures, lighting, plumbing, electric, kitchen, appliances, etc. are all brand new. The boiler is not new but has been modified to evenly heat all suites and common areas. There is also 150SF+ cute additional building that could be a spa, sauna, whiskey bar, you name it! Original detailing and wood beam and post construction, brick floor, crown molding, French soffit detail outside, and more! Call this charming place your own! SBA Loan is assumable and Seller will offer an owner carry 2nd loan if needed. Go to stjamescolorado.com for suite info!
MLS# 2903582

Courtesy Of NextHome, Inc

(303) 514-8740

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    0.1 Acres

Map and Directions

Directions to 614 Rose Street, Georgetown, CO 80444

Home seller CENTURY 21 Golden West Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Golden West Realty

(303) 279-7979
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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