147 East Main Street, Unit 6S

147 East Main Street, Unit 6S

Montrose, CO 81401

$1,598,500
Price
—
Beds
9
Baths
7,314 Sq. Ft.
$219 / Sq. Ft.
7,314
Sq. Ft.
$219
per Sq. Ft.
a view of a street in front of a building
a living room with furniture and a chandelier
a front view of a house with a yard
a view of backyard with barbeque grill and stairs
a front view of a house
a view of a street with houses on both side
a kitchen with stainless steel appliances granite countertop a refrigerator and a sink
a building with trees in front of it
a bedroom with a bed and a cabinets
a living room with furniture and a flat screen tv
a bathroom with a sink and a mirror
a bedroom with a bed and wooden floor
a view of entryway and hall with wooden floor
a bedroom with a bed and a large window
a view of a door
a bedroom with furniture and window
a living room with furniture and a flat screen tv
a bedroom with a bed and a window
a view of a livingroom with furniture and workspace
a living room with furniture and a large window
a view of a swimming pool with a balcony
a view of a balcony with table and chairs
a living room with furniture a fireplace and a table
a bathroom with a sink and a toilet
a bathroom with a shower
a outdoor living space with furniture and a rug
a dining room with furniture and a large window
a kitchen with granite countertop a sink and stainless steel appliances
a kitchen with refrigerator and chairs
a view of a wooden floor
a living room with furniture and a flat screen tv
a view of a balcony with wooden floor and fence
a picture of a room with a white wall and white walls

Description

13 bedroom/10 bath, Income producing Multi Family / Commercial rentals on Main st. Corner lot, all in one building, with multiple uses, on Main St Montrose, near Telluride 8.4%+CAP. (varies from 6.3%-8.4% depending on STR) Opportunity zoned if long term rents were wanted, vs a business, the income woudl be over 11,500 per month /132k a year (with much less expenses) Over.7,300+ feet w/ 5 multi-family apartments included with the front huge commercial two-story section for a total of 6 rentals. Airbnb...13 bedroom/10 bath, Income producing Multi Family / Commercial rentals on Main st. Corner lot, all in one building, with multiple uses, on Main St Montrose, near Telluride 8.4%+CAP. (varies from 6.3%-8.4% depending on STR) Opportunity zoned if long term rents were wanted, vs a business, the income woudl be over 11,500 per month /132k a year (with much less expenses) Over.7,300+ feet w/ 5 multi-family apartments included with the front huge commercial two-story section for a total of 6 rentals. Airbnb is allowed and very successful. (since its zoned B-1, you are at a massive advantage if rules come down the line) (6 of the 6 units are now AIRBNB as of early 2022) Located in the Opportunity Zone! Located on Main St Montrose CO, near Telluride Ski Resort and the Ouray Hot Springs. Walking location, right downtown with coffee/grocery/bars /distillery /CO-working /food trucks all within 2 blocks. Tenants can pay electric (5 meters) + (2 gas meters) / owner pays sewer/water/trash. 2-3 extra storage units for the rentals also, (2 inside, 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 and new barnwood and granite and stainless and high ceilings in most units. Tenant wide/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. The front units is 147 main st , a huge 2000 sq feet up and down unit with 5 bedrooms and 4 baths) (2 master ensuites upstairs with decks and rooftop patio. #18 Selig Av is a small studio #26 Selig Av is A) 2br/1bath, B) 3br/2bath , C)2br/1br #26 D is a lock off rear 1/1 (part of #C technically) The income has increased with the Airbnb strategy in LATE 20-21, so plenty of history to see, (see links for active Airbnb listings) Projecting $169,000 - $186,000 for 2023 in Gross rents. Some ways to increase revenue, (roof top amenities, hot tub, bike racks, grills and more amenities. Low vacancy (as an example out of June, only 3 empty nights out of a possible 180 =.5% (half of 1 percent) Sold fully furnished minus some PP and all art. 8.4% +CAP rate based on list price and NOI 23' ( 135k NOI in 2023) Over 160k in Gross income in 2022 Full monitored new fire suppression system (a 70k value)
  1. Listed by Scott Elkins • Telluride Realty, LLC
  2. Listed by Mark Simpson • Telluride Realty, LLC

Property Details for 147 East Main Street, Unit 6S

Water Front
No
Subdv Name
Other

Location

Listing Courtesy of Telluride Realty, LLC, Scott Elkins; Telluride Realty, LLC, Mark Simpson
Add your commute
LISTING UPDATED: 05/10/2024 10:27 AM

Property Details for 147 East Main Street, Unit 6S

StatusActive
MLS #806452
Days on Market309
Taxes$3,056 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Multi-Use w/Res
Year Built1960
Lot Size0.14 AC / 6,098 SF
CountyMontrose County

Location

Listing Courtesy of Telluride Realty, LLC, Scott Elkins; Telluride Realty, LLC, Mark Simpson
Add your commute

Building Information for 147 East Main Street, Unit 6S

Stories-Residences6Year Built1960Lot Size0.14 AC / 6,098 SF

Payment Calculator

$8,978 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,724

Property Taxes

$255

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 147 East Main Street, Unit 6S

Summary
Location and General Information
  • Directions: Corner of Main st and Selig. By Chamber of Commerce and Safeway. On Main ST, near museum
  • Property Known As: 147 main
Owner
  • Owner Name: JYD LLC
Parking
  • Carport Y/N: No
Taxes and HOA Information
  • Tax Year: 2022
  • Total Taxes $: 3056
Property
Property and Assessments
  • FIPS Code: 08085
  • Legal/Lot Block: 147 E MAIN ST 10 N SELIG AVE 18 N SELIG AVE 26 N SELIG AVE #A 26 N SELIG AVE #B 26 N SELIG AVE #C : SELIGS ADDN Block: 81 Lot: 23 AND:- Lot: 24 S: 28 T: 49 R: 9
  • Photo Count: 34
  • New Construction Y/N: No
  • Covenants Y/N: NO
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Current Property Use: Professional/Medical, Retail Storefront, Retail Warehouse, Other, Lodging, Mixed Use, Wholesale
  • Possible Property Use: Retail Storefront, Retail Warehouse
  • Lot Dimension: 125 x 50
  • Parcel ID #: 3.76728421005E11
Utilities
  • Internet Service Y/N: Yes
  • Internet Provider: Clearnetworx
  • Total # Electric Meters: 5
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 6
Income & Expenses Information
  • Gross Scheduled Income $: $169,000.00
  • Cap Rate Percent: 7.50%
  • Vacancy Factor Prcnt: .00%
  • Net Operating Income $: $127,444.00
  • Gross Annual Expenses $: $41,537.00
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: 9.00
Interior Features
  • Furnished: Unfurnished
  • Main SF: 7314
  • Office SF: 300
  • Heat Type: mixed
  • # Dock Hi Doors: 4
Rental
Rental Information
  • CAM Y/N: No

Property History for 147 East Main Street, Unit 6S

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 147 East Main Street, Unit 6S

This home is within Montrose County Re-1j School District.
Rating
School
Type
Grades
Distance
Northside Elementary School
Public - K to 5
Centennial Middle School
Public - 6 to 8
Montrose High School
Public - 9 to 12
Peak Virtual Academy
Public - K to 12
Rating
School
Distance
Northside Elementary School
PublicK to 5

Centennial Middle School
Public6 to 8

Montrose High School
Public9 to 12

Peak Virtual Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 147 East Main Street, Unit 6S, Montrose, CO 81401

147 East Main Street, Unit 6S is a mixed use property for sale in Montrose, CO 81401. This property was listed for sale on July 30, 2023 by Telluride Realty, LLC, it's currently listed at $1,598,500. This listing's school district is Montrose County Re-1j School District. Nearby schools include Northside Elementary School, Centennial Middle School and Montrose High School. 147 East Main Street, Unit 6S is a 0-bed, 9-bath, 7,314 sqft mixed use property built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Telluride Realty, LLC, Scott Elkins; Telluride Realty, LLC, Mark Simpson

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.