1047 S 3rd

Montrose, CO 81401

About this property

Fantastic turn-key rental opportunity! Very profitable home completely restored and modernized while being converted into a beautiful tri-plex. Owner and can live in and have two great rentals.This completely remodeled tri-plex is conveniently situated for traveling business professionals to land during their brief tenure in the community or long term tenants. Completely updated to minimize operating costs, these units have a 100% occupancy history. The interior living spaces are warm and inviting, while the common area yard and patio provide relaxing venues to enjoy outdoor eating, relaxing, or gathering. This rare opportunity provides a seamless transition into a new real estate business venture! Current asking price and operation yields over a 8% net cap rate. Just a block from the hospital and downtown. less than 3 blocks to Colorado Mesa University campus.

Date Added
September 17, 2019
Listing Status
Active
Days On Site
133
MLS#
763079

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
MultiFamily
Style
Sub-Type
Resale
Year
1949
Garage
0
Pool
No
Story(s)
Property View
No
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$399,000 Active
0 Beds
0 Baths
2,908 SQFT

Presented By Coldwell Banker Distinctive Properties, Vail

Get in touch today! Phone: (970) 476-2113
Brokerage
Vail
(970) 476-2113
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Area Information

Montrose City | Montrose County |

$ 399,000
This listing is play_arrow 66.3% higher than the average in the area
$ 240,000 in the area
2,908 SqFt
This listing is play_arrow 48.0% larger than the average in the area
1,966 SqFt in the area
$ 137 $/SqFt
This listing is play_arrow 2.5% more than the average in the area
$ 134 $/SqFt in the area
133 days on site
This listing is play_arrow 44.0% below the average in the area
238 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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