Property Description

Four very nice short-term rental guest houses on a beautiful 40-acre parcel west of Olathe--Custom built in 2021 by Kuboske Construction, noted as premier builders in the Montrose/Telluride area, these four guest houses have been a popular destination on AirBnB and other short-term rental sites. All four of the guest cabins have two bedrooms and two baths; two cabins are 1,242 square feet each, and two are 1,188 square feet each. The guest homes are situated above the expansive Berkeley Estates, with beautiful vineyards, greenhouses, open meadows, cornfields, and waterways with tall cottonwood trees. Access is provided via a good gravel road and a bridge across a flowing canal, the CQ lateral. The 40-acre parcel is borders BLM lands on two sides, giving it excellent access to the Uncompahgre Plateau and many thousands of acres of BLM and US Forest Service lands for 4-wheeling, hunting, hiking, horseback riding, and all manner of recreation in Game Management Unit 62. The homes enjoy excellent views of the West Elks to the east, the San Juans above Ridgway to the south, and the Grand Mesa to the north. Rare opportunity to acquire a fully turnkey four-cabin short-term rental compound in Olathe â?? being offered together at auction this month. The portfolio carries a three-year track record of verified Airbnb and VRBO income, with all financials documented through QuickBooks and available to qualified buyers under NDA. Notably, the seller has retained one of the four cabins for personal use during the most recent operating years, meaning new ownership steps into an established, income-producing operation with an immediate 33% revenue-expansion opportunity built in from day one. Diversified booking-platform exposure, proven seasonal demand, and operating expenses dominated by financing costs (which a cash buyer can eliminate entirely) make this a compelling acquisition for STR operators, 1031-exchange buyers, and lifestyle investors alike. Full income statements, transaction-level ledgers, and a four-cabin pro forma will be furnished upon execution of a non-disclosure agreement and verification of proof of funds. Serious inquiries only.

Property Features

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