505 South 2nd Street

    Montrose, CO 81401
    • $675,000
    • STATUS: Active
    • ON SITE: 133 days
    • MLS #: 743258
    UPDATED: 63 min ago
    $675,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 2
      BATHS
    • 1
      1/2 BATHS
    • 7,885
      SQFT
    • $86
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1979
    County:

    School Ratings & Info

    Listing courtesy of Shaffer Real Estate.


    Description

    Incredible investment opportunity in the heart of Montrose. Blocks from Montrose Memorial Hospital, across the street from Montrose City offices and Colorado Mesa University. Multiple income generating uses possible due to the property's centralized location and large open floor plan. There are two large two bedroom two bath apartments attached to this property ready to generate immediate income. Extensive updates are in process in the apartments including new flooring and paint. The property has a partially finished, very usable, basement with an operational elevator for easy access. There are also two walk in coolers. While the potential uses of this property are many, a couple of obvious ones include, a church facility or conversion to an office suite complex.

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    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2018. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
    FULL CREN Disclaimer

    Real Estate listings held by companies other than eXp Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2018-08-14T19:57:08.96.
    www.durangohomesales.com/homes/82184376

    505 South 2nd Street Montrose, CO 81401

    • Price: $675,000
    • Status: Active
    • Updated: 63 min ago
    • MLS #: 743258
    0
    Beds
    2
    Baths
    1
    ½ Baths
    0.29
    Acres
    7,885
    SQFT
    $86
    $/SQFT
    1979
    Built
    Neighborhood:
    Montrose City
    County:
    Montrose
    Area:
    Montrose City
    Property Description
    Incredible investment opportunity in the heart of Montrose. Blocks from Montrose Memorial Hospital, across the street from Montrose City offices and Colorado Mesa University. Multiple income generating uses possible due to the property's centralized location and large open floor plan. There are two large two bedroom two bath apartments attached to this property ready to generate immediate income. Extensive updates are in process in the apartments including new flooring and paint. The property has a partially finished, very usable, basement with an operational elevator for easy access. There are also two walk in coolers. While the potential uses of this property are many, a couple of obvious ones include, a church facility or conversion to an office suite complex.
    Exterior Features

    Acreage Range Less Than 1/2 Carport No Construction Frame Lot Dimension 120X100 Parking PavedConcrete10-20 Total SpacesCommon Property Description Corner Roof Membrane Sewer Public Sewer Installed Stories 1 Street Description City/TownPaved Water Public Water Well No Waterfront YN No

    Interior Features

    Basement Sq Ft 2562 Ceiling Height Var Cooling Refrig Cooling Type Refrigerated Air Finished Sq Ft 7885 Flooring Carpet Foundation Basement-Below GradeBasement-Partial FinishBrick Heating Fuel Source Natural Gas Heating System Forced Air Heating System1 Forced Air Lighting Fluorescent Main Sq Ft 7885 One Quarter Baths 0 Total Offices 2

    Property Features

    Available Utilities Sanitary SewerWaterNatural GasElectricCablePhoneFiber OpticsInternet Books Available No Cam No Current Use Special UseService Disclosures Lead Base Paint Exchange Trade No Existing Utilities Sanitary SewerWaterNatural GasElectricPhoneInternet Fixtures Included No Inventory Included No Lease Included No New Construction YN No Owners Association No Possible Property Use General OfficeMixed-UseProfessional/MedicalSpecial Use Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2016 Total Taxes 8072 Type Multi-Use Variable Rate No Water Rights No Zoning Type None

    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2018. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
    FULL CREN Disclaimer

    Real Estate listings held by companies other than eXp Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2018-08-14T19:57:08.96.
     
    eXp Realty
    1725 N Taylor Circle
    Bayfield CO, 81122
    Listing courtesy of Shaffer Real Estate.