147 E Main St Montrose, CO 81401

This is a 6-unit multifamily property with two stories, two decks, and a rooftop patio. It has a strong rental history with both short-term and long-term tenants. The property features 14 bedrooms and 10 bathrooms across 5 apartments and a lock-off unit. Located on Main St in Montrose, it is a corner lot in one building with multiple uses, near Telluride. The property is zoned B-1. The location offers convenient walking access to downtown amenities, including coffee shops, grocery stores, bars, a distillery, co-working spaces, and food trucks, all within two blocks. There are 5 extra storage units for the rentals, 3 inside the lobby and 2 outside. The property has been recently restored and upgraded with 90% new plumbing and wiring, 5 new electric meters, and 2 gas meters. Many new windows, 90%+ new flooring, stylish stone, barnwood, and granite finishes are present. Stainless steel appliances and high ceilings are featured in most units. A building-wide master Fiber WIFI system is installed. A major remodel costing $600,000 was completed in 2017-19, with permitted upgrades in 2021. City parking is available in multiple locations nearby and adjacent to the property. The front unit, 147 Main St, is a large 3000 sq ft unit with 5 bedrooms and 4 baths, including 2 master ensuites upstairs with decks and a rooftop patio. Additional units include: 18 Selig Av, a large studio; 26 Selig Av #A, a 2br/1bath unit; #B, a 3br/2bath unit with a vaulted ceiling; a 2br/1b unit with a vaulted ceiling; and #D, a 1br/1b lockoff unit with a separate alleyway entrance that can be combined with unit C to create a 3/2 configuration. All furnishings are included, such as 7 refrigerators, 5 washer/dryers, and 5 stoves.