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Off market
  • $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

    List your home for rent

    $1,702/mo

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    $1,702/mo

    Rent Zestimate®

    Refinance and save

    $3,121/mo

    Est. payment

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    $3,121/mo

    Est. payment

    What's special

    "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 !

    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