4959 Frying Pan Road

Basalt, CO, United States

Description

GREAT OPPORTUNITY to build a legacy home compound on this 21 acre property in the beautiful Frying Pan River Valley just 4.8 miles from downtown Basalt. Enjoy this 21 acre site with great views and beautiful two acre pond with lots of trees. Plenty of water rights (see summary under documents) for housing and irrigation. The property is currently improved with 3 cabins and 5 mobile home pads that that are currently rented month-to-month and produce gross rental income of $75,600 annually with net income after expenses of about $45,000. Enjoy snowmobiling, hiking, mountain biking right outside your door with boating and sailing at Ruedi Reservoir just a few miles up the road.