💰 $120K Annual Rental Revenue with a Grandfathered STR Permit

🏡 Turnkey 5-Bedroom Home • Sold Fully Furnished • Hot Tub Included • Active Grandfathered STR Permit • Ready to Generate Income from Day One

📩 Interested in this property?

👉 🏡 Express Interest in this property here.

🚨 In Many Markets, the Permit Is Just as Valuable as the Property

As more cities tighten short-term rental regulations, obtaining a new STR permit has become one of the biggest hurdles for investors.

This property removes that uncertainty entirely.

It comes with an active grandfathered short-term rental permit, has been operating successfully since 2023, and has generated approximately $120,000 in annual rental revenue. Sold fully furnished with the hot tub included, it's ready to continue welcoming guests immediately after closing.

For investors looking to skip the startup phase and acquire an established STR business, this opportunity checks a lot of boxes.

📩 Interested in this property?

👉 🏡 Express Interest in this property here.

🏡 The Asset

621 Scott Ave

Greensboro, NC

💰 Offered at: $725,000

• 5 Bedrooms

• 3 Bathrooms

• 2,061 Sq Ft

• Seller-Reported Approximately $120,000 Annual Rental Revenue

• Active Grandfathered STR Permit

• Operating Since 2023

• Sold Fully Furnished

• Hot Tub Included

• Finished Lower Level

• Private Deck

• Large Recreation Room

• Four Bonus Rooms

Rather than purchasing a home and building an STR operation from scratch, buyers step into a business that's already producing meaningful revenue.

💰 Proven Revenue

This property already has an established operating history.

Seller-Reported Performance

💰 Approximately $120,000 in annual short-term rental revenue.

Combined with an active grandfathered STR permit, buyers inherit both proven performance and the ability to continue operating immediately.

As always, buyers should independently verify all financial information.

✅ The Grandfathered Permit Is a Major Advantage

One of the hardest parts of buying an STR today isn't finding the property...

It's obtaining permission to operate.

This home already has an active grandfathered short-term rental permit, allowing buyers to avoid the uncertainty that often comes with changing local regulations and new permit applications.

For many investors, that alone can dramatically reduce execution risk.

🛋️ Fully Turnkey

Everything needed to continue operating is already in place.

The sale includes:

✔ All furnishings

✔ Hot tub

✔ Existing STR setup

That means less time preparing the property and more time focusing on welcoming guests.

🏡 Spacious Layout for Larger Groups

The flexible floor plan helps maximize guest appeal.

Highlights include:

🛏️ Five bedrooms

🍽️ Open-concept kitchen with a large island

☀️ Bright breakfast nook

🛋️ Spacious living room opening onto a private deck

🛁 Primary suite with dual vanities, soaking tub, and walk-in closet

The layout comfortably accommodates families, reunions, wedding guests, university visitors, and other larger travel groups.

🎮 Extra Space Creates More Value

The finished lower level expands the home's functionality well beyond its listed square footage.

Features include:

🎱 Large recreation room

🛏️ Four bonus rooms

🎬 Space for a media room

💪 Room for a home gym

🧩 Additional sleeping flexibility

Fresh paint and new flooring make the lower level move-in ready while giving future owners flexibility to tailor the space to their guests.

🔨 Meaningful Improvements Already Completed

Several updates have already been made, including:

✔ Fresh interior paint

✔ New flooring in the lower level

✔ French drain installation for long-term moisture protection

Those improvements help reduce future maintenance concerns while improving the overall guest experience.

💸 Financing & Tax Angle

At $725,000, buyers acquire a fully furnished vacation rental with proven revenue history and an active grandfathered STR permit already in place.

Financing options may include:

✔ Conventional investment financing

✔ DSCR loans

✔ Portfolio lending

✔ Vacation home financing (depending on intended use)

Qualifying investors may also benefit from cost segregation and accelerated depreciation strategies depending on their tax circumstances and current tax law. Buyers interested in those opportunities should consult their CPA or tax advisor.

👉 Explore STR financing options here.

🏡 Need Help Finding Your Own STR?

If you've been thinking about buying a vacation rental but keep getting stuck on what to buy or where to invest, we partner with a team that helps investors identify fully underwritten, data-backed STR opportunities.

Within approximately 48 hours, they'll match you with investment opportunities complete with:

✔ Revenue projections

✔ Market selection

✔ Property recommendations

✔ Design guidance

✔ Listing optimization

✔ Management recommendations

✔ Pricing strategy

👉 See available STR opportunities here.

In order to work with them, they typically require having around $150,000 available for your down payment, furnishing, design, and revenue-driving amenities so you're positioned for success from day one.

Many investors are also purchasing STRs to take advantage of bonus depreciation opportunities that, when structured properly with their CPA, may create substantial first-year tax deductions.

To date, they've helped investors acquire:

🏡 375+ properties

💰 $60M+ in rental revenue

📉 $25M+ in estimated tax savings

👉 Get matched with an STR investment opportunity here.

🏡 Looking to Sell Your STR?

Own a high-performing vacation rental?

The Offer Sheet may be interested in:

✔ Buying it directly off market

✔ Facilitating a deal

✔ Connecting you with qualified buyers from our nationwide investor audience

📩 Simply reply to this email if you'd like to have a conversation. We'd love to hear about your property.

🎯 Why This One Stands Out

1. 💰 Strong Revenue History

The seller reports approximately $120,000 in annual rental revenue, providing buyers with an established operating business instead of relying on projections.

2. 📜 Grandfathered STR Permit

The active grandfathered permit significantly increases the property's appeal by eliminating the uncertainty of obtaining a new short-term rental license in the future.

3. 🛋️ Truly Turnkey

With furnishings and the hot tub included, buyers can continue operating immediately after closing.

4. 🏡 Flexible Layout for Higher Occupancy

Five bedrooms, a finished recreation level, and four bonus rooms provide exceptional flexibility for accommodating larger groups and maximizing booking potential.

5. 📈 Built for Immediate Income

Between the proven revenue history, turnkey setup, established permit, and extensive usable space, this property offers buyers a rare opportunity to begin generating income from day one.

⚡ Bottom Line

Established STRs with seller-reported annual revenue of approximately $120,000 are always worth a closer look.

Finding one that's fully furnished, includes a hot tub, and already has an active grandfathered STR permit is even more compelling.

For investors looking to acquire an operating short-term rental business instead of building one from scratch, this Greensboro property stands out as a unique opportunity.

📲 Express Interest

Ready to learn more or schedule a showing?

👉 🏡 Express Interest in this property here.