Beds: 4
Baths 5
SqFt: 5,167 (walk-out basement)
Lot Size: 219,542 (5 acres)
Year Built: 2002
Garage: 4-6 Car Attached
County: Elbert

Sub 2 Turn-Key Short-Term Rental

House was purchased in 2022 for $1.35M

House comes furnished and is a turn-key, part-time STR fetching $1,100-$1,700+ per night when seller is out of town. Link to AirBNB listing.

Elbert County does not have any STR restrictions. I can provide contact info to highly reliable STR cleaning maintenance and landscape company. Also have a ReFi broker who knows the house and is ready to help with a better interest rate.

Main Floor-It’s a circular floor plan. Walk into the foyer and you can go left or right. If you go left you go past the office to the living room , open kitchen and large breakfast nook with a door to the large balcony. Breakfast nook also has a wet bar. Beyond the kitchen is the formal dining room and next is a small living room/reading room with another fireplace and back to the foyer. Just past the office is a hallway to the bathroom, laundry room and attached 4-6 car garage.

Upstairs- Large primary suite with balcony facing west. Bedroom 2 and 3 share a Jack&Jill style bathroom. There is a 4th bedroom and separate full bathroom.

Walk-out Basement- When you get to the bottom of the stairs on the right there is a game room with pinball machines and an air hockey table. To the right is a karaoke stage and set up that opens to the large rec-room with pool tables and other billiard games, lounge seating and a full sized bar (think LoDo) with swing seats. Bathroom off of the bar. Patio has built in kitchen and outdoor TV.

Outdoors- Professionally installed SportCourt, hot tub, and 5 acres with mountain views.

Appraisal in hand but I believe it is inflated.

Numbers
Mortgage Balance: $1,255,000
Interest Rate (Fixed): 8.500%
PITI: $10,612
Entry: $88,677 +CC ($63,677 seller arrears, $25,000 assignment fee)

Purchase Price: $1,255,000 + assignment fee

STR Income: $273,750 Annually (60% occupancy at $1,250 nightly rate)

ARV: $1,700,000

Dates
Investor Inspection: Wednesday 6/12 at 11:00am RSVP Required
Closing: 6/30
Possession: 6/30

Contact

Amy McCraken
AMcCraken@JoeHomeBuyer.com
303-478-7895

*HOA, Taxes, LTR, STR, Repairs, ARV and any other figures are estimates. BTVA.