$399,000

1047 S 3rd Street All 3 Units

Montrose CO, 81401

Description

Fantastic turn-key business opportunity! Very profitable downtown home completely restored and modernized into a beautiful tri-plex. Owner can live in and have two great rentals.This completely remodeled homes was converted into a tri-plex is conveniently situated for traveling business professionals to land during their brief tenure in the community or long term tenants. Completely updated to minimize operating costs, these units have a 100% occupancy history. The interior living spaces are warm and inviting, while the common area yard and patio provide relaxing venues to enjoy outdoor eating, relaxing, or gathering. This rare opportunity provides a seamless transition into a new real estate business venture! Current asking price and operation yields over a 8% net cap rate. Just a block from the hospital and downtown. less than 3 blocks to Colorado Mesa University campus.

Details

MLS#747572
StyleHouse
Sub-TypeResale
StatusActive
Year1949
Days On Site465

Features

Bed(s)4
Bath(s) 4 Full
SQ Feet2,908
Story(s)Two Story
Acreage0.14

Additional Information

Taxes1039.38
HeatingElectric Baseboard,Pellet Stove
Interior FeaturesPellet Stove,Window Coverings,Wired/Cable TV,Part Furnished
Available AmenitiesElectric,Natural Gas,Cable TV,Internet,Phone - Cell Reception

Market Activity 81401

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Area Information

StateCO
CountyMontrose
CityMontrose
Zip Code81401
AreaMontrose City
Community NameMontrose City
Middle SchoolOpen Enrollment
High SchoolMontrose 9-12
Listing VS Median (in Montrose City)
Price:
$399,000
low | high
Med:
$236,000
90.852130325815% of Average
SqFt:
2,908
low | high
Med:
1,449
100% of Average
$ / SqFt:
$137
low | high
Med:
$163
31.094698499754% of Average
On Site:
465
low | high
Med:
96
100% of Average
Listing Updated: 10/13/2019
MLS Number: 747572
Listing Provided By:
Bryan Walchle  of  Lone Eagle Land Brokerage



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