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147 Main

Montrose, CO 81401
  • $1,595,000
  • STATUS: Active
  • ON SITE: 180 Days
  • MLS #: 2749033
$1,595,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,314
    SQFT
  • $218
    $/SQFT
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

REcolorado logo Offered by Telluride Realty LLC.

Description

STR - Short or long term 6 units: 8.4 %+ CAP RATE ! 13 bedroom/10 bath, Income producing Multi Family / Commercial rentals on Main st. Corner lot, all in one building, w/multiple uses, on Main St Montrose, near Telluride 7.4%+CAP (Varies with short term from 6.6% - 8.4% depending on year or rolling month. *** long term rent would easily be $11,000 ++ month/ $132,000 yr (without paying any utils or cleaning costs) Over.7,300+ feet w/ 5+ multi-family apartments included with the front huge commercial two-story section fora total of 6 rentals. Airbnb is allowed and very successful.(zoned B-1) (6 of the 6 units are now AIRBNB as of early 2022) Located in the Opportunity Zone, main St Montrose CO, near Telluride Ouray and Hot Springs. Walking location downtown. Tenants can pay electric (5 meters) + (2 gas meters) Recently restored/upgraded w/ 90% new plumbing +90% new wiring, 5 new electric meters and 2 units are gas metered. Tenant wide/building wide master Fiber WIFI for future additional income. .City parking in multiple locations. 1) #147 main st , a huge 2000 sq feet 2 story w/ 5 bedrooms and 3.5 baths) (2 master ensuites upstairs w/ decks + rooftop patio. 2) #18 Selig Av is a small studio 3)#26A -Selig Av is a 2br/1bath, 4)#26B- 3br/2bath w/ tall vaulted ceilings , 5)#26C) - 2br/1b w/ vaulted ceiling also 6)#26 D is a lock off rear 1/1. Income airbnb vs Long term: Examples: Nov 23' income was net $11,000 for month, +, December 23' NET $12,500+ Jan 2023 was NET $ 12,500+. Low vacancy (as an example out of June, only 3 empty nights out of a possible 180 =.5% (half of 1 percent) *Sold fully furnished (minus PP and some art) *Over 166k in Gross income in 22' + growing in 2023 *Full monitored new fire suppression system (a 70k value) * Low taxes of only 3,800 a year! * NO HOA, street access on 3 sides. * ROOF access is easy and can be upgraded for amenities /income. *sold Fully Furnished

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Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than DreamSmith Team | RE/MAX Professionals are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.thedreamsmithteam.com/homes/145530693
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147 Main Montrose, CO 81401

  • Price: $1,595,000
  • Status: Active
  • On Site: 180 Days
  • MLS #: 2749033
0
Beds
0
Baths
0
½ Baths
N/A
Acres
7,314
SQFT
$218
$/SQFT
1960
Built
County:
Montrose
Area:
Montrose
Property Description
STR - Short or long term 6 units: 8.4 %+ CAP RATE ! 13 bedroom/10 bath, Income producing Multi Family / Commercial rentals on Main st. Corner lot, all in one building, w/multiple uses, on Main St Montrose, near Telluride 7.4%+CAP (Varies with short term from 6.6% - 8.4% depending on year or rolling month. *** long term rent would easily be $11,000 ++ month/ $132,000 yr (without paying any utils or cleaning costs) Over.7,300+ feet w/ 5+ multi-family apartments included with the front huge commercial two-story section fora total of 6 rentals. Airbnb is allowed and very successful.(zoned B-1) (6 of the 6 units are now AIRBNB as of early 2022) Located in the Opportunity Zone, main St Montrose CO, near Telluride Ouray and Hot Springs. Walking location downtown. Tenants can pay electric (5 meters) + (2 gas meters) Recently restored/upgraded w/ 90% new plumbing +90% new wiring, 5 new electric meters and 2 units are gas metered. Tenant wide/building wide master Fiber WIFI for future additional income. .City parking in multiple locations. 1) #147 main st , a huge 2000 sq feet 2 story w/ 5 bedrooms and 3.5 baths) (2 master ensuites upstairs w/ decks + rooftop patio. 2) #18 Selig Av is a small studio 3)#26A -Selig Av is a 2br/1bath, 4)#26B- 3br/2bath w/ tall vaulted ceilings , 5)#26C) - 2br/1b w/ vaulted ceiling also 6)#26 D is a lock off rear 1/1. Income airbnb vs Long term: Examples: Nov 23' income was net $11,000 for month, +, December 23' NET $12,500+ Jan 2023 was NET $ 12,500+. Low vacancy (as an example out of June, only 3 empty nights out of a possible 180 =.5% (half of 1 percent) *Sold fully furnished (minus PP and some art) *Over 166k in Gross income in 22' + growing in 2023 *Full monitored new fire suppression system (a 70k value) * Low taxes of only 3,800 a year! * NO HOA, street access on 3 sides. * ROOF access is easy and can be upgraded for amenities /income. *sold Fully Furnished
Exterior Features

Attached Garage YN No Carport Spaces 0 Exterior Features BalconyGas Grill Lot Features Corner Lot Offstreet Spaces 15 Parking Total 15 Road Frontage Type PublicYear Round Road Surface Type Paved Rv Spaces 0 Structure Type Low Rise (1-3)

Property Features

Actual Annual Net Income 126101.00 Association Fee Annual 0.00 Association Fee Total Annual 0.00 Association Fee2 Annual 0.00 Association Fee3 Annual 0.00 Comparable Listing YN No Exclusions some art and PP Gross Income 186551 Listing Terms CashConventionalOwner Will Carry Number Of Units Vacant 0 Operating Expense 60450 Owner Pays ElectricityGasInternetTaxesTrash CollectionWater Property Sub Type Multi-Family Security Features Carbon Monoxide Detector(s)Fire AlarmFire Sprinkler - WetSecurity LightsSmart CamerasSmart LocksSmoke Detector(s) Sewer Public Sewer Tax Annual Amount 3200 Tax Legal Description 147 E MAIN ST 10 N SELIG AVE 18 N SELIGAVE26 N SELIG AVE #A 26 N SELIG AVE #B26 NSELIG AVE #C : SELIGS ADDN Block: 81Lot: 23AND:- Lot: 24 S: 28 T: 49 R: 9 Tax Year 2023 Water Included YN No Water Source Public Zoning b2

REcolorado logo Listing courtesy of Telluride Realty LLC:scotte@Telluridebrokers.com. MLS #2749033


Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than DreamSmith Team | RE/MAX Professionals are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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REcolorado logo Offered by Telluride Realty LLC.