Nestled in the heart of Glenwood Springs, this rare multi-use property offers an outstanding opportunity for investors seeking steady cash flow and long-term upside. The Glenwood Springs Hostel has a proven rental track record, serving both short-term visitors and long-term tenants with its versatile layout and income diversity. The property spans two well-maintained buildings: a charming historic front house dedicated to nightly rentals, and a more modern rear building featuring a one-bedroom apartment and additional short-term rental units. With dual zoning flexibility, multiple income streams, and unbeatable proximity to the region's top attractions, this asset is primed for continued success. Whether you are an owner-operator or a passive investor, 1021 Grand Avenue delivers both immediate returns and future growth potential. Two Buildings. Multiple Income Streams. Timeless Demand. 1021 Grand Avenue is composed of two purpose-built residences: a character-rich 191 O front home offering monthly lodging and a 1994 rear building featuring a long-term apartment over monthly room rentals. Designed to meet demand from both tourists and workforce renters, this well-diversified asset produces consistent monthly income from 22 beds, a separate apartment, and laundry facilities - with all units currently occupied. Contact us today for details or a private tour!