$384,600

1655 Niagara

Montrose CO, 81401

Description

Excellent investment opportunity/cashflow/upside! Live in one unit and VRBO/AirBnb or live /work play/office/ business while living on site!. Capitalize on the strong Montrose rental market with 3 residential rental units on 1 property and 2-3 commercial shop/bay rentals! Super convenient location near Townsend Av (Dunkin Donuts/Wells Fargo/churches/schools/bike path/openspace) 3 unit , B2 zoned - Montrose Colorado (Telluride near) .59 acres Parcel includes: 1) a main 2,000+ foot home, a 720 foot 2 bedroom rental and a small studio or office, it also has a huge 1,000+ ft workshop and 3 storage unit bays/garages and also a art shed The main home is currently rented for over $1,150 a month. The 2br rental is vacant for easy showings $800-$900 easily The studio or office is another $600+ easily The storage bays could easily be $50 a month for $150 total monthly. The workshop could be rented also on the $200-$500 range per month. Totals =$36,000++ a year + more upsid

Details

MLS#6805383
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1957
Days On Site43

Features

SQ Feet3,635
Story(s)0
Zoningb2

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Area Information

StateCO
CountyMontrose
CityMontrose
Zip Code81401
Listing VS Median (in 81401)
Price:
$384,600
low | high
Med:
$384,600
50% of Average
SqFt:
3,635
low | high
Med:
3,635
50% of Average
$ / SqFt:
$106
low | high
Med:
$106
50% of Average
On Site:
43
low | high
Med:
43
100% of Average
Listing Updated: 12/21/2019
MLS Number: 6805383
Listing Provided By:
Scott Elkins  of  Telluride Realty LLC