147 E Main St, Montrose, CO

Name: 147 E Main St, For Sale in Montrose - eXp Realty
Brand: Telluride Realty LLC
SKU: 7803527
Price: 1499000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,499,000

0012

MLS® 7803527

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $3,622

Days Active 32

Approx. Age 1960

MLS® Number 7803527

Property Address: 147 E Main St, Montrose, CO, 81401-3646

Average square foot calculated using Size range provided by listing agent.

Description

This is a 6 unit multi-family parcel, 2 stories w/ 2 decks + a rooftop patio. Great rental History with short and long term. 7.46% CAP rate (w/all expenses except mngt) 177k++ of Gross income last year. 14 bedroom/10 bath, 5-6 Unit Income producing Multi-Family on Main St, Montrose. Corner lot, all in one building, w/ multiple uses, near Telluride. *long term /normal MF income would be ~11, 000+ a month if long vs STR = $133, 000 with less management/expenses. Over 7, 300+ feet plus 2 covered decks, 5 Apartments + a lock off, . Fully furnished Since its zoned B-1, you are at a massive advantage if rules come down the line as they have in other towns. No residential neighbors to complain STR are affecting neighborhood. Great walking location, right downtown with coffee/grocery/bars /distillery /CO-working /food trucks all within 2 blocks. If you long termed it, Tenants can pay electric (5 meters) + (2 gas meters). Owner would still pay sewer/water/trash. 5 extra storage units for the rentals also, (3 inside lobby, 2 outside). Recently restored and upgraded with 90% new plumbing and 90% new wiring, 5 new electric meters and 2 units are gas metered. Many new windows, 90%+ new flooring, stylish stone, barnwood and granite. Stainless appliances and high ceilings in most units. Building wide master Fiber WIFI for future additional income. Major $600, 000 Remodel in 2017-19 and also permitted upgrades in 2021. City parking in multiple locations nearby and adjacent. 1)The front unit is 147 main st, a huge 3000 sq feet up and down unit with 5 bedrooms and 4 baths), (2 master ensuites upstairs with decks and rooftop patio. 2)#18 Selig Av is a large studio 3) #26 Selig Av #A = 2br/1bath 4)#B 3br/2bath with very tall, vaulted ceiling 5) 2br/1b w/ vaulted ceiling 6) #D is a lockoff of C, its a 1br/1b separate alleyway entrance can be combined with C to make 3/2. All furnishings included, (7 fridges 5 washer dryers, 5 stoves etc )

MLS® Number7803527

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1960

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Nov 4, 2025List Date

$1,499,000List Price

Commute

Commute

Starting Address

Destination Address

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