Listing Courtesy of:
Compass - Denver
Agency Contact: nick.melzer@compass.com,720-725-1235
Dont miss this incredible investment opportunity in the Denver foothills. This stunning 2+ acre property, within walking distance of the trails in the Golden Gate Canyon State Park, features two structures, both with significant income potential. The first, a modern, Instagram-able, 2-bed, 2-bath A-Frame, built in 2023, has been an extraordinarily successful Airbnb - with 275 nights booked in the last 12 months at an average of over $500 per night - netting nearly $120,000 over that time. The second, a newly-built 1-bed, 1.5-bath ADU has city lights views and space to spread out. Either could be owner-occupied or rented on a 30-day+ basis, and one of them can be rented on a short term basis with a Gilpin County STR permit (and without a wait if owner-occupied). Assuming steady performance from the A-Frame as an STR and using very conservative assumptions for the rental of the ADU, you could easily achieve an 8%+ cap rate at this asking price. With a sought-after style you simply wont find anywhere else, privacy, views for miles, and a location practically in the State Park thats only 30 minutes from Golden, less than an hour from central Denver, and just over an hour from DIA, this investment promises enjoyment and performance for years to come whether youre looking for a primary residence with house-hacking potential, a weekend getaway, or an income-producing asset with upside for your portfolio.
Listed By
Agency Name: Compass - Denver
Agency Contact: nick.melzer@compass.com,720-725-1235
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimated Payment
$ 11,852.31 per month $11,075.56 Principal & Interest $199.25 Property Tax $577.50 Homeowner's InsuranceIf you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.
311 Pioneer Road | MLS# 7987160
This multi-family property located at 311 Pioneer Road , Golden, CO 80403 is currently listed for sale with an asking price of $1,980,000. Pioneer Road is located within the Gilpin RE-1 school district. Search Golden real estate on www.ikeyrealty.com today.