MLS® #: 390466

ResidentialIncome

The "Granddaddy of All National Parks-Yellowstone". This property, the Yellowstone Basin Inn, is the opportunity that you have been looking for! On Trip Advisor The Yellowstone Basin Inn is rated #1 in Gardiner MT and in the Top 10% of hotels worldwide. The Inn has the location for guests that want the Montana scenic experience. When a guest arrives, their first reaction is to start taking pictures. The Inn has panoramic views facing Yellowstone National Park's Electric Peak Mountain (just shy of 11,000 ft), open fields, the Devil's Slide (red rock formation), and the mountain range of the Gallatin National Forest. The Inn is situated on a hill, away from the main road, that enhances the views. Located 5 miles from the town of Gardiner and the North Entrance of Yellowstone National Park, which is the only entrance that stays open year round. Location gives easy access to the Park. The Inn has 17 rooms. Currently the 17th room is the owners residence. The cap rate is 13.09%, but if room #17 rented this could add $40-$50,000 gross income, which would increase this cap rate. Different amenities are found in each room, ranging from kitchens, kitchenettes, king beds, queen beds. Large porch on main Inn. Kitchen for preparation of breakfast. A breakfast building. There is a basement apartment for employee housing or additional rental, with 3 bedrooms, bathroom, kitchen, and living room area. The location boosts white water rafting, horse riding, fishing, wildlife viewing, and hiking. Would make a great Corporate Retreat. The Inn is currently operated by husband and wife. Owners will train and/or stay on as management for a time period. Most of income is in a 5 month period. "The Goose that Layed the Golden Egg". Seller is a Montana Licensed Real Estate Agent