147 E Main St, Montrose, CO

Name: 147 E Main St, For Sale in Montrose - Zoocasa
Brand: Telluride Realty LLC
SKU: 7803527
Price: 1374000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,374,000

0012

MLS® 7803527

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage

Taxes $3,622

Days Active 162

Lot Size

Approx. Age 1960

MLS® Number 7803527

Property Address: 147 E Main St, Montrose, CO, 81401-3646

Average square foot calculated using Size range provided by listing agent.

Description

6 unit Multi-Family or AIRBNBN parcel, 2 stories w/ 2 decks + a rooftop patio. Great rental History with short / long term. ONLY $188 PER FOOT, BELOW REPLACEMNET ABND BULDING COSTS! 8.26% CAP rate (w/all expenses except mngt) 177k++ of Gross income last year. 16 bedroom/10 bath, 5-6 Unit Income producing Multi-Family on Main St, Montrose. Corner lot, all in one building, w/ multiple uses, near Telluride. *long term MF income would be ~11, 000_ month or higher with airbnb, Over 7, 300+ feet plus 2 covered decks, 5 Apartments + a lock off, Since its zoned B-1, you are at a massive advantage if rules come down the line as they have in other towns. No residential neighbors to complain STR are affecting neighborhood. Great walking location, right downtown with coffee/grocery/bars /distillery /CO-working /food trucks all within 2 blocks. If you long termed it, Tenants can pay electric (5 meters) + (2 gas meters). Owner would still pay sewer/water/trash. 5 extra storage units for the rentals also, (3 inside lobby, 2 outside). Recently restored and upgraded with 90% new plumbing and 90% new wiring, 5 new electric meters and 2 units are gas metered. Many new windows, 90%+ new flooring, stylish stone, barnwood and granite. Stainless appliances and high ceilings in most units. Building wide master Fiber WIFI for future additional income. Major $600, 000 Remodel in 2017-19 and also permitted upgrades in 2021. City parking in multiple locations nearby and adjacent. 1)The front unit is 147 main st, a huge 3000 sq feet up and down unit with 5 bedrooms and 4 baths), (2 master ensuites upstairs with decks and rooftop patio. 2)#18 Selig Av is a large studio 3) #26 Selig Av #A = 2br/1bath 4)#B 3br/2bath with very tall, vaulted ceiling 5) 2br/1b w/ vaulted ceiling 6) #D is a lockoff of C, its a 1br/1b separate alleyway entrance can be combined with C to make 3/2. All furnishings included, (7 fridges 5 washer dryers, 5 stoves etc )

MLS® Number7803527

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1960

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Nov 4, 2025List Date

$1,374,000List Price

Commute

Commute

Starting Address

Destination Address

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