Holly Gardens- AirBnb Permits Available! 102 Holly St 9 Unit Apartment Building $1,750,000 ($194,444/Unit) 6.30% Cap Rate Colorado Springs, CO 80904

This exceptional and rare investment opportunity is located on the desirable west side of Colorado Springs, within walking distance to the world-renowned Garden of the Gods and bordering the vibrant community of Manitou Springs. Designed and curated by a husband-and-wife team—an accomplished theme park designer and an interior and garden designer—this property is a one-of-a-kind asset that blends artistry, functionality, and strong income performance. This property offers the rare opportunity to take-over and acquire short-term rental permits as the city has stated no other STR-non owner occupied permits are currently issued within the allotted proximity. The multifamily property spans four parcels with potential for additional development. It features five updated and charming standalone cottages currently operated as long-term rentals, alongside four unique dwellings: a historic two-bedroom Craftsman home, a two-bedroom two-story A-frame cottage, a one-bedroom cottage, and a studio cottage. An exceptional turnkey opportunity—includes thoughtfully curated, high-end furnishings and décor throughout. These four units have achieved top 1% short-term rental performance in Colorado Springs, with over 2,000 stays in the past seven years. This investment also presents a perfect owner-occupant opportunity with the Craftsman home. Located just steps from one of Colorado Springs’ most iconic natural landmarks, the property at 102 Holly Gardens, Colorado Springs, enjoys a highly desirable setting on the city’s scenic west side. Bordering the charming town of Manitou Springs and within walking distance of Garden of the Gods, the location offers an exceptional blend of peaceful foothill ambience and vibrant community access. Residents benefit from quick access to hiking trails, Garden of the Gods Park’s dramatic red-rock formations, and Manitou’s lively shops and cafés, while being just a short drive from downtown Colorado Springs and major transport routes.