$385,000

838 N 3rd Street A, B, Front

Montrose CO, 81401

Description

Great investment opportunity to acquire a well maintained triplex conveniently located three blocks north of Main St. All three tenants have been there 4 years+. Major renovation occurred around 2011 on the rear one bedroom units including new plumbing, boiler, electrical, kitchens, tile flooring and baths, etc. Both have in floor radiant heat. Plus shared laundry room. Front home is 2 bedroom, one bath with laundry and partial basement. Very good condition inside and out. Renovation included new electric and sewer line. Both structures had additional insulation and new windows installed. Steady, reliable cash flow provides excellent income for owners. Possible AirBnB or VRBO option.

Details

MLS#781520
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1937
Days On Site6

Features

SQ Feet2,025
Units3

Market Activity 81401

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Area Information
StateCO
CountyMontrose
CityMontrose
Zip Code81401
AreaMontrose City
Listing VS Median (in 81401)
Price:
$385,000
low | high
Med:
$66,250
100% of Average
SqFt:
2,025
low | high
Med:
0
100% of Average
$ / SqFt:
$190
low | high
Med:
$0
100% of Average
On Site:
6
low | high
Med:
305
2% of Average
Sourced by Back At You
Listing Updated: May 9, 2021 8:37:42 PM PDT
Listing Provided By: Ken Van Skiver of Coldwell Banker Distinctive Properties

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