Welcome to this fantastic investment opportunity in the heart of the thriving rental market! Presenting a well-maintained 4-plex, this property boasts a solid rental history with long-term tenants, making it an ideal addition to any investor's portfolio. Built in 1974, this two-story building offers two units on each level, providing a desirable mix of layouts to attract a variety of renters. Unit 2 stands out with its generous 3 bedrooms, 1 bath, and a convenient 2-car garage, while the remaining units offer comfortable 2 bedroom, 1 bath layouts, each with access to a detached storage shed. Tenants will appreciate the included appliances—range/oven, refrigerator, and dishwasher—in every unit. With separate metering for gas and electric, tenants take responsibility for utilities, while the owner covers water/sewer/trash expenses, ensuring a hassle-free investment. Recent updates including new furnaces, hot water heaters, refurbished showers, replaced bathroom fixtures, re-painted, and upgraded windows enhance the property's appeal and value. Additionally, the sewer line and plumbing have been modernized, providing peace of mind for years to come. Don't miss out on this opportunity to own a turnkey income-producing property in a sought-after location—schedule your viewing today! Serious inquiries only, please be prepared to provide proof of qualifications to purchase.
Sold cren member
$875,000
400 S Pythian Avenue, Montrose, CO 81401
9beds
0baths
3,498sqft
Quadruplex
Built in 1974
-- sqft lot
$900,900 Zestimate®
$250/sqft
$1,644 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 08, 2024 at 06:42pm
Listed by:
Debra Harmon 970-901-5131,
20 Sleeps West Real Estate
Bought with:
Mario Ramirez, FA100083036
NextHome Virtual
Source: CREN,MLS#: 811237
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 0
Dining room
- Features: Kitchen/Dining
Cooling
- Window Unit(s)
Appliances
- Included: Dishwasher, Range, Refrigerator
Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 3,498
- Total interior livable area: 3,498 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.28 Acres
Details
- Parcel number: 376727405001
- Zoning description: Residential Multi Family
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: City Sewer
- Water: City Water
- Utilities for property: Metered for Electricity, Metered for Gas
Community & neighborhood
Location
- Region: Montrose
- Subdivision: Other
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional