814 S 7th Street, Montrose, CO 81401

This home offers unique opportunities in Old Town Montrose. A wonderful Single Family Home, OR a sound, proven rental investment @ $3,800 monthly. Totally remodeled and modernized nearly 2500sqft 4 Bed, 3 Bath home w/ a 750sqft Modern Master Suite featuring 17x6 Walk-in Closet w/ Laundry, Large Master Bath, in-slab heat, Private Master Retreat with Kitchenette. ALSO this space would make a fine Multi-Generational Living unit w/ an independent 750sqft apartment with no stairs, Kitchenette and Laundry all on one level OR this house can be Configured as Two Totally independent Living Spaces ONE *3bed *2bath and the other *1bed *1Bath. You will also benefit from a total remodel where, Plumbing, Electrical, Boiler, Kitchen, Bathrooms and every surface has been addressed. New Paint, Flooring, in-Slab Heating, Two Separate Laundries, New Plumbing, Modern Windows and Insulation. A large double lot, with Newly Fenced Yard and Alley access. New PVC Sewer line with RV plumbing (water and sewer) in the back lot ADU footprint. Can provide multiple Recent Rental contracts for $3,800 monthly. Very walkable, Bike Friendly Old Town Montrose. 7% CAP rate can make this a solid investment property. Soil test done for ADU off the alley that will further increase the investment performance. Located in the Montrose Zoning "REDO District" and Federal "Opportunity Zone" both allow Special Development Discounts and Variances along with Unique Tax Benefits