Real Estate Agent · Denver · Member since 2020 · 366 posts · 151 votes
Has anyone invested in the Town of Mountain View just west of Denver?
I came across an interesting property that got my attention. It's an up/down duplex (4 bed / 2 bath) that needs a little cosmetic work, but what makes it unique is that it's located in the Town of Mountain View—not Denver.
Since Mountain View is its own municipality, it has different short-term rental regulations and currently allows STRs without requiring the property to be your primary residence.
It seems like an interesting option for someone looking to:
House hack
Operate a short-term rental
Add value through renovations and build equity
I'm curious how others would analyze a deal like this. Would you lean toward long-term rentals, short-term rentals, or simply renovating and holding?
I'd love to hear how others in the Denver market would approach it.
@Eric DeNardo you might get some comments here but if you are looking for some STR advice then you should really post it in the STR forum. You'll get a lot more responses there. Just a thought.
Fun little town. It's its own municipality, so Denver's primary residence rule doesn't apply. That's the whole appeal, and it's also the risk. A town that size can change its STR rules at one council meeting. I'd run it as a long term rental first. If it works there, STR on one or both units is gravy. Up/down duplex helps since you can split strategies. Get it in writing from the town that both units can be licensed before you offer. I'm local, DM me if you want to go through it.