147 Main, Unit 147 MAIN #18 N SELIG #26 N SELIG A B C
$1,570,000
14
9
7,314
7,314
$215
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.
- Listed by Scott Elkins • Telluride Realty, LLC
- 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 NameOther
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
Status | Active |
---|---|
MLS # | 808930 |
Days on Market | 393 |
Taxes | $3,100 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | MULTIFAMILY / Sixplex |
Year Built | 1960 |
Lot Size | 0.14 AC / 6,098 SF |
County | Montrose 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
Property History for 147 Main, Unit 147 MAIN #18 N SELIG #26 N SELIG A B C
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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