147 Main, Unit 147 MAIN #18 N SELIG #26 N SELIG A B C

Montrose, CO 81401

$1,570,000
Price
14
Beds
9
Baths
7,314 Sq. Ft.
$215 / Sq. Ft.
7,314
Sq. Ft.
$215
per Sq. Ft.

Description

132k net NOI 2023 /190k gross 14 bedroom/10 bath, Income producing Multi-Family on Main St, Montrose. Corner lot, all in one building, w/ multiple uses, near Telluride. long term normal income would be ~11,000+ a month if long vs STR. Over 7,300+ feet, 6 Total Apartments, fully furnished with great rental history and many repeat visitors. 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...132k net NOI 2023 /190k gross 14 bedroom/10 bath, Income producing Multi-Family on Main St, Montrose. Corner lot, all in one building, w/ multiple uses, near Telluride. long term normal income would be ~11,000+ a month if long vs STR. Over 7,300+ feet, 6 Total Apartments, fully furnished with great rental history and many repeat visitors. 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. 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. 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 #18 Selig Av is a large studio #26 Selig Av: A) 2br/1bath B) 3br/2bath with very tall, vaulted ceiling C) 2br/1b with vaulted ceiling D) 1br/1b separate alleyway entrance can be combined with C Some ways to increase revenue, (roof top amenities, hot tub, bike racks, grills and more amenities. Add some lofts in B or C as the ceiling is so tall? 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. 8.3%+ CAP rate based on list price and NOI 23' Full monitored new fire suppression system (a 70k+ value) Low taxes of only 3,100 a year! NO HOA, street access on 3 sides. ROOF access is easy and can be upgraded for amenities.
  1. Listed by Scott Elkins • Telluride Realty, LLC
  2. Listed by Mark Simpson • Telluride Realty, LLC

Property Details for 147 Main, Unit 147 MAIN #18 N SELIG #26 N SELIG A B C

Water Front
No
Subdv Name
Other
LISTING UPDATED: 11/14/2024 12:57 PM

Property Details for 147 Main, Unit 147 MAIN #18 N SELIG #26 N SELIG A B C

StatusActive
MLS #808930
Days on Market393
Taxes$3,100 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Sixplex
Year Built1960
Lot Size0.14 AC / 6,098 SF
CountyMontrose County

Building Information for 147 Main, Unit 147 MAIN #18 N SELIG #26 N SELIG A B C

Stories-Residences6Year Built1960Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 147 Main, Unit 147 MAIN #18 N SELIG #26 N SELIG A B C

Summary
Location and General Information
  • Directions: Corner of Selig and Main st, near Museum.
  • Fronts: Main st
Owner
  • Owner Name: JYD LLC
Parking
  • Carport Y/N: No
  • Garage Y/N: No
School Information
  • Elementary School: Pomona K-5
  • Middle School: Centennial 6-8
  • High School: Montrose 9-12
Taxes and HOA Information
  • HOA Y/N: No
  • Tax Year: 2023
  • Total Taxes $: 3100
Property
Property and Assessments
  • FIPS Code: 08085
  • Legal/Lot Block: 147 E MAIN ST 10 N SELIG AVE 18 N SELIGAVE 26 N SELIG AVE #A 26 N SELIG AVE #B26 N SELIG AVE #C : SELIGS ADDN Block: 81Lot: 23 AND:- Lot: 24 S: 28 T: 49 R: 9
  • Photo Count: 35
  • New Construction Y/N: No
  • Covenants Y/N: NO
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Parcel ID #: 3.76728421005E11
  • SqFt Source: assessor
Green Features
  • Green Certification Y/N: No
  • HERS Rated Y/N: No
  • Energy Star Qualified Y/N: No
  • LEED for Homes Y/N: No
  • NAHB/NGBS-ICC 700 Y/N: No
Utilities
  • Total # Water Meters: 1
  • Total # Gas Meters: 3
  • Total # Electric Meters: 5
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 6
  • Property Mngr: owner
Income & Expenses Information
  • Gross Scheduled Income $: $189,350.00
  • Cap Rate Percent: 8.62%
  • Vacancy Factor Prcnt: 5.00%
  • Net Operating Income $: $135,801.00
  • Gross Annual Expenses $: $53,549.00
Unit 1 Information
  • Unit 1 # Bedrooms: 5
  • Unit 1 # Baths: 4
  • Unit 1 Square Feet: 2350.0
Unit 2 Information
  • Unit 2 # Bedrooms: 1
  • Unit 2 # Baths: 1
  • Unit 2 Square Feet: 650.0
Unit 3 Information
  • Unit 3 # Bedrooms: 2
  • Unit 3 # Baths: 1
  • Unit 3 Square Feet: 1180.0
Unit 4 Information
  • Unit 4 # Bedrooms: 3
  • Unit 4 # Baths: 2
  • Unit 4 Square Feet: 1260.0
Unit 5 Information
  • Unit 5 # Bedrooms: 2
  • Unit 5 # Baths: 1
  • Unit 5 Square Feet: 850.0
Unit 6 Information
  • Unit 6 # Bedrooms: 1
  • Unit 6 # Baths: 1
  • Unit 6 Square Feet: 450.0
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: 9.00
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Partially Furnished
  • Main SF: 7314
Exterior Features
  • Horse Setup: No

Property History for 147 Main, Unit 147 MAIN #18 N SELIG #26 N SELIG A B C

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 147 Main, Unit 147 MAIN #18 N SELIG #26 N SELIG A B C

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

Centennial Middle School
Public6 to 8

Montrose High School
Public9 to 12

Black Canyon High School
Public9 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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147 Main, Unit 147 MAIN #18 N SELIG #26 N SELIG A B C is a multi-family home for sale in Montrose, CO 81401. This property was listed for sale on October 25, 2023 by Telluride Realty, LLC, it's currently listed at $1,570,000. 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 Main, Unit 147 MAIN #18 N SELIG #26 N SELIG A B C is a 14-bed, 9-bath, 7,314 sqft multi-family home 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. Offers of compensation are subject to change at the discretion of the seller. 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.