311 Pioneer Rd, Golden, CO 80403

Property Description

Don't miss this incredible investment opportunity in the Denver foothills. Gilpin County STR regulations recently changed to allow the short term rental of both the A-Frame and the ADU - providing the opportunity for well over $200,000 in net revenue! 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 immediately owner-occupied or rented on a 30-day+ basis, and after issuance of Gilpin County STR permits to a new buyer, both of them can be rented on a short term basis (and without a wait if one structure is owner-occupied). Assuming steady performance from the A-Frame as an STR and similar performance from the ADU once permitted, you could easily achieve an 11%+ cap rate at this asking price. With a sought-after style you simply won't find anywhere else, privacy, views for miles, and a location practically in the State Park that's 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 you're looking for a primary residence with house-hacking potential, a weekend getaway, or an income-producing asset with upside for your portfolio.