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147 E Main St

montrose, CO 81401

$1,375,500

    Interested? Let's Connect

    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 )

    Details

    7,318 Sq Ft

    commercial

    $3,622 Annual Tax

    Built in 1960

    MLS/Listing ID 7803527

    2 Stories

    6 Units

    Amenities & Features

    Construction - Stone

    Construction - Concrete

    Lot - Corner Lot

    Membrane

    Construction - Stucco

    Estimate my mortgage

    TOTAL MONTHLY COST

    $0

    • PRINCIPAL & INTEREST

      $0

    • PROPERTY TAXES

      $0

    • Common Charges

      $0

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    Interested In 147 E Main St?