425 South 5th Street

Montrose, CO 81401

$700,000
Price
4
Beds
4
Baths
2,185 Sq. Ft.
$320 / Sq. Ft.
2,185
Sq. Ft.
$320
per Sq. Ft.

Description

Looking for the perfect investment opportunity, this property is ideal. The homes are in a great location and have the added bonus of a constructed high end Accessory Dwelling Unit (ADU)on the property. Both homes were fully remodeled in 2020, with the main house having 4 bedrooms and 2 bathrooms, while the ADU offers an additional detached home with 2bedrooms (master suite and guest room) as well as 2 bathrooms, Cheery and sunny living room, and a beautiful kitchen. Each property has privacy, off...Looking for the perfect investment opportunity, this property is ideal. The homes are in a great location and have the added bonus of a constructed high end Accessory Dwelling Unit (ADU)on the property. Both homes were fully remodeled in 2020, with the main house having 4 bedrooms and 2 bathrooms, while the ADU offers an additional detached home with 2bedrooms (master suite and guest room) as well as 2 bathrooms, Cheery and sunny living room, and a beautiful kitchen. Each property has privacy, off street parking, and a fenced backyard. Both homes are currently tenant occupied with excellent rental history and leases through January 2024. Please see associated documents for rents, exact lease dates etc. This property is conveniently located near amenities and downtown Montrose. Options are limitless with this property so don’t miss your opportunity to own 2 turnkey investment properties in an ideal downtown location!
  1. Listed by Elizabeth Spitzer • Phelps Real Estate Group

Property Details for 425 South 5th Street

Water Front
No
Zoning
Mixed-Use
Subdv Name
Montrose City
LISTING UPDATED: 11/18/2024 07:18 AM

Property Details for 425 South 5th Street

StatusActive
MLS #815784
Days on Market161
Taxes$233,316 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeRESIDENTIAL / Stick Built
Year Built1902
Lot Size0.14 AC / 6,098 SF
CountyMontrose County

Building Information for 425 South 5th Street

Stories1Year Built1902Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 425 South 5th Street

Summary
Location and General Information
  • Year Remodeled: 2020
  • Directions: Take Townsend South to South 5th, turn left. Property on left, look for real estate sign.
Owner
  • Owner Name: Manry/Folliot
Parking
  • RV Parking: No
  • 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
  • Other Transfer Fees Y/N: No
  • Tax Year: 2024
  • Total Taxes $: 233316
Property
Property and Assessments
  • Domestic Water Source: City Water
  • Domestic Sewer Source: Public Sewer
  • FIPS Code: 08085
  • Legal/Lot Block: MONTROSE TOWN OF Block: 83 Lot: 19 AND Lot 20 S: 27 T:49 R:9
  • Foreign Owned Y/N: No
  • Photo Count: 24
  • New Construction Y/N: No
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: Less than .25
  • Current Property Use: Residential
  • Possible Property Use: Residential
  • Parcel ID #: 3.7672733901E11
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
  • Internet Service Y/N: Yes
  • Internet Provider: Century Link
  • Water Heater: Gas Water Heater
  • Utilities: Electric, Internet, Natural Gas, Phone - Cell Reception
  • Addit Living Quarters: Yes
  • Water Well: No
Multi Family
Multi-Family Information
  • Residence Stories: One Story
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Bathrooms: 4.00
  • Primary Bedroom Level: Main Level
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Unfurnished
  • Addit Living Type: ADU-Accessory Dwelling Unit
  • Florring: Carpet-Partial, Laminate
  • Foundation/ Basement: Crawl Space
  • Heating Fuel/Source: Natural Gas
  • Appliance Inclusions: Range/Oven, Range Top, Refrigerator, Dishwasher, Disposal
Exterior Features
  • Residence Style: Ranch
  • Construction Type: Wood Frame
  • Roof: Asphalt
  • Fence: Privacy
  • Siding: Wood

Property History for 425 South 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 425 South 5th Street

Taxable ValueLand$3,820Additions$31,750Total$35,570
Tax Record2023$2,083 ($174 / month)
Home Facts
Beds4Total Finished SqFt1,354 SqFtAbove Grade Finished SqFt1,354 SqFtStories1Lot Size6,250 SqFtStyleSingle Family ResidenceYear Built1902CountyMONTROSEAPN3767-273-39-010

Schools near 425 South 5th Street

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
Pomona 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.

Similar Homes

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Similar Sold Homes

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425 South 5th Street is a single family home for sale in Montrose, CO 81401. This property was listed for sale on July 9, 2024 by Phelps Real Estate Group, it's currently listed at $700,000. It has been on the market for a total of 161 days and was last sold on March 28, 2022. This listing's school district is Montrose County Re-1j School District. Nearby schools include Pomona Elementary School, Centennial Middle School and Montrose High School. 425 South 5th Street is a 4-bed, 4-bath, 2,185 sqft single family home built in 1902.

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 Phelps Real Estate Group, Elizabeth Spitzer

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.