$775,000! for 7 turnkey cottages. DO THE MATH, 7 Turnkey properties for $110,715 a Each! There is also an 8th cottage which houses laundry and is split to have an additional unit in the back. These are individually platted and have their own 911 addresses for flexiblility in the future. Starting in April, with 1 property going live at a time while they were getting finished, finished out the year in 2023 at $78,530.81 Gross Revenue.
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Very well appointed, 7 turnkey units, with a cleaner that will stay. She charges $20 an hour and I was told it takes her at most an hour and a half to clean a unit. Booking window for 2023 was set at 3 months and for 2024, it was set at 2 weeks. So there is opportunity to grow!
Cottage one- one queen bed, one queen sleeper sofa/full kitchen
Cottage two and three each have one queen bed- efficiency kitchen (sink, microwave, toaster, fridge/freezer).
Cottage 4, one private queen bedroom, one private 2nd room with two twin beds. Queen size sleeper sofa-Full kitchen-replaced jetted tub with soaker tub/shower combo.
Cottage 5- Queen bed with queen sleeper sofa- full kitchen
Cottage 6- Queen bed with twin sleeper sofa-full kitchen- stackable washer/dryer
Cottage 7- Queen bed with twin sleeper sofa-full kitchen-stackable washer/dryer
Cottage 8- currently used as a laundry/supply center with the back half unfinished for another cottage. The back half is the same size and could be set up like cottage one.
