Rare Montrose investment opportunityâ??this well-located 4-plex is fully leased on year-long terms and positioned for steady, reliable income. Just steps from Centennial Middle School and downtown Montrose (Main & Townsend), the property benefits from strong tenant demand and walkable convenience. The unit mix includes one 3-bed/1-bath unit with a 2-car garage and three 2-bed/1-bath units. With full occupancy, a prime location, and proven cash flow, this is a turnkey asset investors wonâ??t want to miss. Now is your opportunity to invest in a 4 plex.
Discover a rare multifamily investment opportunity in the heart of Montrose, Colorado. 2091 Locust Drive is a well-maintained property zoned R-4 High Density Residential, the cityâ??s most flexible residential designation, which allows for a wide range of multifamily uses and provides significant long-term development potential. This property currently features multiple rental units with established tenancy, offering stable cash flow from day one. Each unit is thoughtfully designed with private entrances, functional floorplans, and the convenience of off-street parking. The layout supports tenant privacy and easy living while allowing for efficient management. With Montroseâ??s strong demand for rental housing, this asset is well-positioned to remain a consistent performer in an increasingly supply-constrained market. The location is one of the propertyâ??s strongest features. Tenants benefit from a central setting just minutes from downtown Montrose, Montrose Regional Airport, schools, shopping, dining, and medical services. Outdoor recreation is close at hand with nearby parks, walking trails, and the Uncompahgre River corridor. Residents enjoy a balance of small-town community lifestyle with easy access to world-class amenities in Telluride, Ouray, and the San Juan Mountains. For investors, Montrose represents one of Coloradoâ??s most promising growth markets. The city continues to attract new residents seeking quality of life, affordability, and year-round recreation. Vacancy rates remain historically low, while demand for workforce and multifamily housing continues to rise. Zoned R-4, 2091 Locust Drive not only offers immediate income but also the flexibility to pursue additional units, redevelopment, or expansion in the future, subject to city approval. Investment Highlights - R-4 High Density Residential zoning â?? flexible for multifamily and redevelopment - Multiple units with established tenancy providing immediate cash flow - Off-street parking and private unit entrances - Prime location near downtown, schools, shopping, and Montrose Regional Airport - Strong tenant demand and historically low vacancy rates in Montrose - Positioned for long-term upside with growth in population and housing needs Whether you are expanding an existing portfolio or entering the multifamily investment space, 2091 Locust Drive offers a rare opportunity to secure a performing asset with both current income and future growth potential.
$122,000+ of NET income yearly!!! This is a 6 unit multi family parcel, 2 stories with 2 decks and a rooftop patio. Great rental History with short and long term. 8.8%CAP rate (w/all expenses except Mngt) 177k++ of Gross income 2024 7.8% true CAP rate 14 bedroom/10 bath, 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 easily if long vs STR = $133,000 with less management/expenses. Over 7,300+ feet plus 2 covered decks, 6 Total Apartments, fully furnished with great rental history and many repeat visitors. 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. 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. #18 Selig Av is a large studio #26 Selig Av: A) 2br/1bath B) 3br/2bath with very tall, vaulted ceiling C) 2br/1b with vaulted ceiling D) 1br/1b separate alleyway entrance can be combined with C to make 3/2. Some ways to increase revenue, (roof top amenities, hot tub, bike racks, grills and more amenities. Add some lofts in B or C as the ceiling is so tall? Low vacancy (as an example out of July, only 3 empty nights out of a possible 180 =.5% (half of 1 percent) ***Sold fully furnished minus some PP some art. ***7.46%+ CAP rate based on list price and NOI 24' ***Full monitored fire suppression system (code compliant!) *** Low taxes of only 3,400 a year! *** NO HOA, street access on 3 sides. *** ROOF access is easy and can be upgraded for amenities. All furnishings included, (7 fridges 5 washer dryers, 5 stoves etc ) ***OZ fund avail due to location in the OZ.
A duplex-styled home, a heated workshop, 12.9 acres of irrigated farmland, conveniewntly located on desireable Spring Creek Mesa. Direct views of the San Juan Mountains to the south. The main level of the home has 2 bedrooms,a full bath, large living room and the kitchen with dining area. All flooring except the kitchen is original hardwood. Below ground is a similar floorplan which was totally built-out in 2018 and now utilized as fully furnished rental unit. Additionally, the basement has two stairway entrances; one from garage and the other out back. Recent upgrades also include a new on-demand hot water boiler system for heating and domestic. Plus, all new electric service throughout. The 50 ft X 30 ft shop has a slab floor, insulation, plus front and rear roll-ups. The attached garage has room for 3 vehicles, includes a woodstove for heat and has an oil-change pit in the floor. The back 11 acres has underground irrigation pipes has been successfully farmed up until last year.
Montrose is located in Colorado. Montrose, Colorado has a population of 20,098. Montrose is less family-centric than the surrounding county with 23.03% of the households containing married families with children. The county average for households married with children is 27.63%.
The median household income in Montrose, Colorado is $54,260. The median household income for the surrounding county is $57,225 compared to the national median of $69,021. The median age of people living in Montrose is 48.3 years.
The average high temperature in July is 89.1 degrees, with an average low temperature in January of 15.3 degrees. The average rainfall is approximately 11.6 inches per year, with 33.9 inches of snow per year.
