"Opportunity zone" state designation for tax advantages! A triplex and also a duplex. 5 total units. Corner lot. Up and coming "LOMO" lower Montrose, on the new byway and across from the Distillery and 1/2 block to booming main st. Investors, this parcel is located in the designated "opportunity zone". Newer upgrades and some new windows and flooring and fencing. Great tenants , these units are in high demand and never vacant(waiting list to get in). Some units have fenced in yards, so they are more like homes/townhomes. Great income of over $37,000+ a year. Brand new $8,000 sidewalk installed in 2019. Add garages? Add carports for rent? Add more address is off due to errors , the addresses are 120 +130 N 1st and 35 - 37- 39 N grand av storage units for income? Add a washer/dryer room/bld for income? Or just sit back and collect the 8%+ ROI !
Off market
Zestimate®
$573,000
27 N 1st St, Montrose, CO 81401
5beds
5baths
2,470sqft
MultiFamily
Built in 1955
-- sqft lot
$573,000 Zestimate®
$232/sqft
$1,702 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Electric, Gas
Cooling
- None
Features
- Furnished: Yes
Interior area
- Total interior livable area: 2,470 sqft
Property
Features
- Exterior features: Other
- Fencing: Fence
- Has view: Yes
- View description: City
Lot
- Features: Corner Lot
Details
- Zoning: B2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
Materials
- Roof: Metal
Condition
- Year built: 1955
Details
- Builder model: 5+ Plex (all units)
Community & neighborhood
Location
- Region: Montrose
Other
Other facts
- Roof: Metal
- Heating: Electric, Gas, Floor Furnace
- NumberOfUnitsTotal: 1
- Zoning: B2
- ConstructionMaterials: Other, Adobe
- LotFeatures: Corner Lot
- ArchitecturalStyle: Bungalow
- OpenParkingSpaces: 8
- NetOperatingIncome: 29700
- ExteriorFeatures: Covered Patio, Fence
- GrossScheduledIncome: 30000
- View: City
- NumberOfUnitsVacant: 0
- Fencing: Fence
- GrossIncome: 36500
- StructureType: Ranch/1 Story
- BuilderModel: 5+ Plex (all units)
- UnitsFurnished: 5
- MlsStatus: Active