I wanted to share an interesting investment opportunity with you in Old Town.
North Star is a large duplex that generates strong rental revenue, and unlike a lot of properties in Old Town, is NOT historical. This property can be torn down and re-developed, so no preservation rules means bring your bulldozer.
With the “Vail Effect” in full force, this is a chance to tie up two large lots (70’ x 140’ each) that currently throw off strong rental income. Then, whenever you are ready, you can build two large homes, spec, custom, your choice! These lots have fantastic views, and are walking distance to Park City Mountain Resort.
Both sides have been rented heavily, and annually gross over $100,000 each. With 4 bedrooms, 4 baths, and a 2 car garage on…