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.

  • MLS# 747572
  • Style House
  • Sub-Type Resale
  • Status Active
  • Year 1949
  • Days On Site 417
Bed(s) 4
Bath(s) 4 Full
SQ Feet 2,908
Story(s) Two Story
Acreage 0.14
Taxes 1039.38
Heating Electric Baseboard,Pellet Stove
Interior Features Pellet Stove,Window Coverings,Wired/Cable TV,Part Furnished
Available Amenities Electric,Natural Gas,Cable TV,Internet,Phone - Cell Reception
Listing Provided By:
Bryan Walchle  of  Lone Eagle Land Brokerage
this listing $399,000
$279,900 in Montrose City
this listing 2,908 SqFt
1,678 SqFt in Montrose City
this listing $137 $/SqFt
$167 $/SqFt in Montrose City
this listing 417 on site
1 on site in Montrose City


State CO
County Montrose
City Montrose
Zip Code 81401
Area Montrose City
Community Name Montrose City

Area Schools

Middle School Open Enrollment
High School Montrose 9-12

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