174 S Mulberry St - Multi-Family FOR SALE


Fruita, CO 81521
$1,350,000 USD
970-424-2281
174 S Mulberry St, Fruita, CO for Sale
$1,350,000 USD
Multi-Family - FOR SALE
1/14
null | 7.4% Cap Rate

174 S Mulberry St
Fruita, CO 81521


OVERVIEW

This high-performing, turnkey short-term rental asset presents a compelling investment opportunity in the thriving destination market of Fruita, Colorado—just two blocks from Main Street. The property consists of a fully renovated early-1900s building reconfigured into seven income-producing units, each thoughtfully upgraded with durable, high-end finishes including granite countertops, tile and marble bathrooms, and distinctive design elements that drive premium nightly rates and repeat bookings. The asset has an established presence on Airbnb and VRBO with a proven track record of strong occupancy and consistent cash flow. Historical NOI averages approximately $115,000 annually. Recent strategic leasing of two units to long-term tenants provides income stability while maintaining upside through short-term rental demand. This is a true plug-and-play investment: the property is being offered fully furnished with all operational systems, booking platforms, and management processes already in place. Minimal ramp-up required for a new owner. Additional value-add potential exists with the opportunity to convert the third floor into an approximately 800 SF eighth unit, creating immediate upside in both revenue and asset valuation.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$275 USD /SF

# OF UNITS

7

PRICE/UNIT

$192,857

CAP RATE

7.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

174 S Mulberry Street

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1893

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,119 SF

ZONING

-

APN/PARCEL ID

2697-172-23-019

ASK ABOUT THIS PROPERTY

Becca PosnerVenture GroupMore Info
970-424-2281

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Becca PosnerVenture GroupMore Info
970-424-2281

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.