48074 Us Highway 160, Bayfield, CO 81122

**For Sale by Owner: Unique Property with Multiple Units** This rare and highly versatile property presents an exceptional investment opportunity or a prime option for those seeking a home with a steady, established income stream. Renovated five years ago, the main residence is a 2,000 sq. ft. spacious 3-bedroom, 2.5-bath home featuring soaring vaulted ceilings and a striking stone fireplace. The residence is complemented by a private, fenced yard and a separate entrance, ensuring privacy from the other three units. Whether you choose to make it your personal home, maintain it as a long-term rental, or transform it into a premium vacation rental, the flexibility is there! In addition to the main residence, the property includes three 1-bedroom, 1-bath apartments, two of which are located on the lower level and one upstairs. These units were previously used as vacation rentals and are now home to three reliable long-term tenants. The property also boasts a full-hookup RV site with potential to add additional sites. The lodge boasts a 9-bedroom septic system and high-capacity producing well that provides abundant water, a rare and valuable asset in this area, ensuring a reliable supply that has never run dry. The property also includes welded pipe fencing, a seasonal creek, and shared access to a pond with the neighboring property.