425 South 5th Street, Unit 425 1/2 S 5TH IS ADU

Montrose, CO 81401

$720,000
Price
4
Beds
4
Baths
2,185 Sq. Ft.
$330 / Sq. Ft.
2,185
Sq. Ft.
$330
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 2 bedrooms (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 2 bedrooms (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, Unit 425 1/2 S 5TH IS ADU

Water Front
No
Zoning
Residential Multi Family
Subdv Name
Montrose City

Location

Listing Courtesy of Phelps Real Estate Group, Elizabeth Spitzer
Add your commute
LISTING UPDATED: 06/21/2024 11:18 AM

Property Details for 425 South 5th Street, Unit 425 1/2 S 5TH IS ADU

StatusActive
MLS #814920
Days on Market10
Taxes$2,333 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Other
Year Built1902
Lot Size0.14 AC / 6,098 SF
CountyMontrose County

Location

Listing Courtesy of Phelps Real Estate Group, Elizabeth Spitzer
Add your commute

Building Information for 425 South 5th Street, Unit 425 1/2 S 5TH IS ADU

Stories1Residences2Year Built1902Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$4,124 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,929

Property Taxes

$194

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 425 South 5th Street, Unit 425 1/2 S 5TH IS ADU

Summary
Location and General Information
  • Year Remodeled: 2020
  • Directions: Take south Townsend Avenue to S. 5th Street, turn left, property is on the left hand side of street, look for real estate sign. ADU unit can be accessed on the north of the main house in the alley. Please note: Actual address is 425 S 5th and 425 1/2 S. 5th
Owner
  • Owner Name: Manry/ Folliot
Parking
  • Carport Y/N: No
  • Garage Y/N: No
  • PARKING: Off Street, On Street
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 $: 2333.16
Property
Property and Assessments
  • FIPS Code: 08085
  • Legal/Lot Block: MONTROSE TOWN OF Block: 83 Lot: 19 AND:- Lot: 20 S: 27 T: 49 R: 9
  • Photo Count: 29
  • New Construction Y/N: No
  • Covenants Y/N: NO
  • Board Name: MONTROSE ASSOCIATION OF REALTORS
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: Less than 1/2
  • Parcel ID #: 3.7672733901E11
Green Features
  • Green Certification Y/N: No
  • HERS Rated Y/N: No
  • Energy Star Qualified Y/N: No
  • LEED for Homes Y/N: No
  • NAHB/NGBS-ICC 700 Y/N: No
Utilities
  • Total # Water Meters: 2
  • Total # Gas Meters: 1
  • Total # Electric Meters: 2
  • Domestic Water/Sewer: City Water, City Sewer
  • Metered: Metered for Gas, Metered for Electricity
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 2
  • Residence Stories: One Story
  • Property Mngr: Best
Unit 1 Information
  • Unit 1 # Bedrooms: 2
  • Unit 1 # Baths: 2
  • Unit 1 Monthly Rent$: 1850
  • Unit 1 Square Feet: 1354.0
Unit 2 Information
  • Unit 2 # Bedrooms: 2
  • Unit 2 # Baths: 2
  • Unit 2 Monthly Rent$: 1550
  • Unit 2 Square Feet: 831.0
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: 4.00
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Unfurnished
  • Foundation/ Basement: Permanent
Exterior Features
  • Horse Setup: No
  • Roof: Composition
  • Fence: Privacy

Property History for 425 South 5th Street, Unit 425 1/2 S 5TH IS ADU

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 425 South 5th Street, Unit 425 1/2 S 5TH IS ADU

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 - K to 12
Rating
School
Distance
Pomona 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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425 South 5th Street, Unit 425 1/2 S 5TH IS ADU is a multi-family home for sale in Montrose, CO 81401. This property was listed for sale on June 17, 2024 by Phelps Real Estate Group, it's currently listed at $720,000. 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, Unit 425 1/2 S 5TH IS ADU is a 4-bed, 4-bath, 2,185 sqft multi-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. 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.