718 E Main Street
Montrose, CO 81401

Description

Rare opportunity to purchase a landmark 1902 Victorian in downtown Montrose. The Lathrop House continues to present the finest "turn of the century" architecture while proudly displaying the National Historic Registry designation. Pride of ownership over the past century reflected throughout all 3 levels of the home which is now optimized for B&B use, as well as long term rental income. The kitchen features 2 refrigerators, 2 ovens and plenty of cabinet space, and granite countertops. Living areas; entry, parlor, living room, and dining room are drenched in period finishes, fixtures, and furniture. The first floor also has a large bedroom with private bathroom and stackable washer/dryer. A bonus room is perfect for office or den. The second level includes 3 guest rooms, 1-1/2 baths, plus a lock-off efficiency suite, bathroom, mini-kitchen and laundry with exterior entry. Penthouse apartment is on the 3rd story is complete with bedroom, bathroom, kitchen, wet bar, 4 built-in desks, living room and outside entrance. Decor in this space is Colorado Lodge. Huge cottonwood trees canopy the front that includes an elegant wrap-around porch, plus two fenced in patios on the West and East and a deck in the second floor, sprinkler system, fencing and flowers. This beautiful one of a kind home is offered turn-key including almost all personal property on site. (there is a small list of exclusions) New boiler was installed in 2018. This multi purpose home offers you many opportunities!! This Victorian style can be "home sweet home" or apartments or a B&B or an office/home combo or... Use your imagination. Includes a 2 car detached garage in the alley along with 5 private parking spaces plus on-street parking in front. You get Main Street frontage with peace and tranquility at the same time. CAP rate for this property is 5%. Don't miss out on this one!!

Details

MLS#756802
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year1902
Days On Site109

Features

SQ Feet4,414
Story(s)3
Units1
ZoningB-2

Market Activity 81401

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Area Information

StateCO
CountyMontrose
CityMontrose
Zip Code81401
AreaMontrose City
Listing VS Median (in 81401)
Price:
$800,000
low | high
Med:
$240,500
100% of Average
SqFt:
4,414
low | high
Med:
1,502
100% of Average
$ / SqFt:
$181
low | high
Med:
$161
61.288208466881% of Average
On Site:
109
low | high
Med:
84.5
100% of Average
Listing Updated: 08/19/2019
MLS Number: 756802
Listing Provided By:
Kari Girard  of  Ponderosa Real Estate The Source For Real Estate



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