6 unit multi-family AIRBNBN parcel, 2 stories w/ 2 decks + a rooftop patio.
Great rental History with short / long term.
ONLY $188 PER FOOT, BELOW REPLACEMNET ABND BULDING COSTS!
8.26% CAP rate (w/all expenses except mngt) 177k++ of Gross income last year.
16 bedroom/10 bath, 5-6 Unit Income producing Multi-Family on Main St, Montrose. Corner lot, all in one building, w/ multiple uses, near Telluride.
*long term MF income would be ~11,000_ month or higher with airbnb,
Over 7,300+ feet plus 2 covered decks, 5 Apartments + a lock off,
Since its zoned B-1, you are at a massive advantage if rules come down the line as they have in other towns.
No residential neighbors to complain STR are affecting neighborhood. Great walking location, right downtown with coffee/grocery/bars /distillery /CO-working /food trucks all within 2 blocks.
If you long termed it, Tenants can pay electric (5 meters) + (2 gas meters). Owner would still pay sewer/water/trash. 5 extra storage units for the rentals also, (3 inside lobby, 2 outside).
Recently restored and upgraded with 90% new plumbing and 90% new wiring, 5 new electric meters and 2 units are gas metered. Many new windows, 90%+ new flooring, stylish stone, barnwood and granite. Stainless appliances and high ceilings in most units. Building wide master Fiber WIFI for future additional income. Major $600,000 Remodel in 2017-19 and also permitted upgrades in 2021. City parking in multiple locations nearby and adjacent.
1)The front unit is 147 main st, a huge 3000 sq feet up and down unit with 5 bedrooms and 4 baths), (2 master ensuites upstairs with decks and rooftop patio.
2)#18 Selig Av is a large studio
3) #26 Selig Av #A = 2br/1bath
4)#B 3br/2bath with very tall, vaulted ceiling
5) 2br/1b w/ vaulted ceiling
6) #D is a lockoff of C, its a 1br/1b separate alleyway entrance can be combined with C to make 3/2.
All furnishings included, (7 fridges 5 washer dryers, 5 stoves etc )
7,318 Sq Ft
commercial
$3,622 Annual Tax
Built in 1960
MLS/Listing ID 7803527
2 Stories
6 Units
Construction - Stone
Construction - Concrete
Lot - Corner Lot
Membrane
Construction - Stucco
TOTAL MONTHLY COST
$0
$0
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