$1,200,000
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TBD E MAIN Street Montrose, CO 81401
Other
Residence
Beds
4
Baths
...
Bed/Bath
3,261
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
PROJECTED NOI: $85,800 (AIRDNA) PROJECTED Net Cap Rate 7.2% (AIRDNA) Four (Potential 5) Room Bed & Breakfast Inn in Montrose, Colorado, presents an exceptional investment opportunity, ideal for various ventures such as boutique hotels, Airbnb, lifestyle accommodations, or wedding venues. Once subdi...vision is complete this property is expected to generate $85,800 in NOI with a projected 7.2% net cap rate (AIRDNA Source). The interior includes a welcoming guest check-in area, four (potentially five) elegantly designed suites, and four well-appointed bathrooms. Cozy fireplaces enhance the ambiance, while five separate entrances provide convenience and privacy. Located within walking distance of local eateries, including a Mexican restaurant and a bar, the property also features a manager's live-in suite complete with a bathroom and kitchen. Guests will appreciate amenities like an outdoor pool, a designated cooking area, and private patios. Ample parking is available, accommodating up to 15 vehicles. Situated just minutes from the Montrose Regional Airport, this property is the perfect gateway to the Telluride ski resort, Silverton, and various year-round recreational activities. Its convenient proximity to popular destinations such as Ridgeway, Ouray, Grand Junction, and Durango makes it a prime location that should not be overlooked. Property Facts: â?¢ 3,700 Square Feet â?¢ 0.57 Acres â?¢ Guest Check In Area â?¢ Manager Live In Suite (Includes Bathroom & Kitchen) â?¢ 4 Suites (Potential 5) â?¢ 4 Bathrooms â?¢ Fireplaces â?¢ 5 Separate Entrances â?¢ Private Patios â?¢ Exterior Cooking Area â?¢ Outdoor Pool â?¢ 15 Parking Spaces â?¢ Main Street Access & Visibility â?¢ Walking Distance to Restaurants â?¢ Seller Financing Available Montrose Facts: â?¢ Elevation: 5,807 â?¢ Population: 21,003 (2022) â?¢ Total Area: 18.5 Square Miles â?¢ Founded 1882
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MLS#
818176
Property Type
Other
Bathrooms
4 Full
Year Built
1955
Square Feet
3,261
sq. ft
Price per Sq. Ft.
$367.99
Lot Size
0.57
Stories
1.0
Sewer
Public Sewer
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Source: Walk Score®
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