Turnkey Short-Term Rental
174 S Mulberry St Fruita, CO 81521
174 S Mulberry St, Fruita, CO, 81521
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For Sale
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Fully furnished renovated early-1900s building with seven income units, turnkey systems, and Airbnb/VRBO track record.
Property Size4,908 SF
Price / SF$275.06
Days on Market99
Property Features for 174 S Mulberry St
General Information
- Standard status
- Active
- Size
- 4,908 SF
- Property subtype
- Hospitality, Mixed Use, Multifamily
Building Details
- Year Built
- 1898
Listing agency
Venture Group
(970) 424-2281
Listed by
Becca Posner, CCIM · License #FA100069180
Source
Crexi
Added: Apr 15 Updated: Jul 22 at 5:49AM Checked: Jul 22 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Venture Group
Investment Insights
Based on property information with market context.
This turnkey short-term rental asset is a fully renovated early-1900s building reconfigured into seven income-producing units. Each unit has been upgraded with durable, high-end finishes, including granite countertops and tile and marble bathrooms, along with distinctive design elements. The property is offered fully furnished with operational systems, booking platforms, and management processes already in place, supporting a plug-and-play ownership experience.
The property is located just two blocks from Main Street in Fruita, Colorado, and has an established presence on Airbnb and VRBO. Historical NOI averages approximately $115,000 annually. More recently, two units have been leased to long-term tenants to add income stability while maintaining demand tied to short-term rental activity.
Additional value-add is available through the opportunity to convert the third floor into an approximately 800 SF eighth unit, creating potential for increased revenue and asset growth.
The property is located just two blocks from Main Street in Fruita, Colorado, and has an established presence on Airbnb and VRBO. Historical NOI averages approximately $115,000 annually. More recently, two units have been leased to long-term tenants to add income stability while maintaining demand tied to short-term rental activity.
Additional value-add is available through the opportunity to convert the third floor into an approximately 800 SF eighth unit, creating potential for increased revenue and asset growth.
Key Highlights
- Built in 1898: fully renovated early‑1900s building reconfigured into 7 income‑producing units
- Each unit upgraded with granite countertops plus tile and marble bathrooms
- Established short‑term rental presence on Airbnb and VRBO with a track record of strong occupancy and consistent cash flow
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.3k | $18.00 |
| − Vacancy | −$6.8k | −$1.40 |
| EGI | $81.5k | $16.61 |
| − OpEx | −$36.7k | −$7.47 |
| NOI | $44.8k | $9.13 |
4,908 SF · lease $18.00/SF/yr · vacancy 7.75% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$640.3K
$560.3K – $747.1K
NOI $44,824 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$9.31M
$8.15M – $10.87M
NOI $651,979 @ 7.0% cap · market cap 48.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Short term rental property - Fully furnished renovated early-1900s building with seven income units, turnkey systems, and Airbnb/VRBO track record.
Where is this short term rental property located?
The property is located at 174 S Mulberry St Fruita, CO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Built in 1898: fully renovated early‑1900s building reconfigured into 7 income‑producing units; Each unit upgraded with granite countertops plus tile and marble bathrooms; Established short‑term rental presence on Airbnb and VRBO with a track record of strong occupancy and consistent cash flow
