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Turnkey Apartment Building Investment

174 S Mulberry Street Fruita, CO 81521

174 S Mulberry Street, Fruita, CO, 81521
$1,300,000
For Sale
$1,300,000

COMMERCIAL - Fruita, CO

Days on Market101

Property Features for 174 S Mulberry Street

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active

Taxes and HOA fees

Tax Annual Amount
3327
Listing Agency VENTURE GROUP
627 24 1/2 RD UNIT D, GRAND JUNCTION, CO
Listed by Becca Posner · License #FA100069180
Added: Apr 8 Checked: Jul 17 at 7:06 am
MLS# 20261584

Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This beautifully restored early-1900s apartment property has been remodeled from top to bottom and transformed into seven fully operational apartments and suites. The interiors are designed for a standout guest experience, including granite countertops, custom tile and marble bathrooms, and distinctive finishes throughout. The sale includes all furnishings, supporting a true turnkey transition, and the seller is prepared to assist with transferring systems and processes for a smooth handoff. Current operations include a proven short-term rental component on major platforms, with strong performance reported as near year-round occupancy.

The property is located just two blocks from the heart of downtown Fruita, Colorado, in a highly desirable destination community. As a result, the building has developed a solid reputation with consistent demand, while maintaining a mix of revenue drivers through recently leased long-term units.

For buyers seeking an immediately productive income asset, this well-finished, guest-ready configuration provides a practical path to cash flow without the delays of renovation or setup. With management systems already in place, an owner can step in and continue operating as established. There is also documented upside potential, including the opportunity to convert the third floor into an additional approximately 800 SF income-producing unit, adding scalability alongside the historical NOI averaging approximately $115,000 annually.

Key Highlights

  • Turnkey investment property with seven fully operational, uniquely designed apartments/suites.
  • Proven short‑term rental performance with near year‑round occupancy and strong reputation on Airbnb/VRBO.
  • Historical Net Operating Income (NOI) averaging approximately $115,000 annually.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Real Estate Agency Law Firm Electrical Service Parking Lot & Garage (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair HVAC Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Completely remodeled early-1900s building offering seven furnished units with established short-term rental performance.
Where is this apartment building located?
The property is located at 174 S Mulberry Street Fruita, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Turnkey investment property with seven fully operational, uniquely designed apartments/suites.; Proven short‑term rental performance with near year‑round occupancy and strong reputation on Airbnb/VRBO.; Historical Net Operating Income (NOI) averaging approximately $115,000 annually.
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