147 E Main ST Montrose, CO 81401
7,318 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,318 sqft
Price per Sqft $184
MLS Listing ID 7803527
HOA Y/N No
Year Built 1960
Annual Tax Amount $3,622
Tax Year 2024
Property Sub-Type Multi Family
Source recolorado
Property Description
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 )
Location
State CO
County Montrose
Interior
Fireplace N
Exterior
Roof Type Membrane
Total Parking Spaces 12
Garage No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Concrete,Stone,Stucco
Others
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
- REALTOR ® / Broker Associate License ID: FA.100108858
As a Colorado resident for more than 20 years, I’ve raised my family in Castle Rock and have a deep appreciation for the community, lifestyle, and natural beauty that make Douglas County such a special place to call home. I love helping buyers and sellers discover opportunities here and sharing what makes this area so unique.
My background in law, sales and marketing leadership, and home design and remodeling gives me a unique edge in real estate. I bring strategic negotiation, thoughtful market insight, and a trained eye for both presentation and value to every client I serve.
Expect More from your real estate experience means more than listing a home or opening doors. For sellers, I offer a full-service approach that may include staging guidance, repair coordination, tailored marketing, professional property videos, social media promotion, and personalized property websites designed to help your home stand out. For buyers, it means careful guidance, honest insight, and a strategic partner who helps you evaluate not just the home you love, but the investment you’re making.
Real estate is still a people-first business, and my goal is to make the buying or selling process smoother, less stressful, and more rewarding from start to finish.