311 W Main St #109, Aspen, CO 81611

Rental for sale by owner in Aspen, CO 81611. This condominium unit is a room in a full service hotel in Aspen Colorado known as the Aspen Mountain Lodge. The room is located on the garden level. The hotel, on W. Main St. in Aspen, is fully managed by on site staff. Over the past 20 years this unit has generated between $22,000 to $37,000 per year in gross income, from which the management company deducts its fee and a small monthly charge (currently $167.00) for a replacement fund. You can use the room at your convenience - but for most of the year the management rents it out for you. The Aspen Mountain Lodge enjoys two full seasons, winter and summer, and does a decent shoulder season business. Since I bought the unit in the mid 1980s I haven't put a dime into it - cash flow not only paid off the mortgage years early but also spun off some free cash. Zillow estimates this unit at over $192,000! NOTE: SELLER IS A LICENSED ATTORNEY ( http://www.browdelaw.com ). Purchaser's brokers prote