Lincoln Street (6-plex)

The property rents well while we wait for appreciation. Each unit averages over $100 per night, and has achieved 84% occupancy as medium-term furnished rentals. We rent to traveling workers and people that are often between moves or in transition (1-3 month stays are typical). Reviews have averaged 4.5/5 stars and we are a Superhost due to our positive relationship and evaluation from Air BnB. Our turnover is less since we get longer leases, and we have a property manager who lives on-site in one of the units, to take care of maintenance.

Date Purchased: June 2021

Purchase Price: $795,000

Purchase Terms:  Seller Financing at 2.75%

Exit Plan: Scrape and build new houses or trade with debt in place for a larger asset.

Location: Englewood, Colorado, United States