Skip To Content
    Return to Previous Page

    204 W South 1st Street

    Montrose, CO 81401
    • $580,000
    • STATUS: Active
    • ON SITE: 24 days
    • MLS #: 776317
    $580,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 2
      BATHS
    • 2
      1/2 BATHS
    • 3,520
      SQFT
    • $165
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1984
    County:

    School Ratings & Info

    Listing courtesy of Berkshire Hathaway Homeservices Western Colorado Properties.


    Description

    Great investment opportunity! Two commercial units both with long term rental history and a residential unit. Unit A has an office space, main floor warehouse and loft. Unit B has 2+ office spaces, main floor warehouse and loft. Each unit has its own bathroom. The home is 1488 sq ft, 3 bed 2 bath with a fenced in backyard. The residential unit and one commercial unit are currently at a discounted rate for family which brings the entire property a Cap Rate of 6.44. Both commercial leases switch to Month to Month starting July, 1st 2021. The residential unit will not be available to view until mid to late December.

    Monthly Payment Calculator

    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 2020. 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 The Dawn Howe Group | Keller Williams Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2020-11-30T23:56:27.02.
    www.crestedbutteliving.com/homes/111687085
    Print Image

    204 W South 1st Street Montrose, CO 81401

    • Price: $580,000
    • Status: Active
    • MLS #: 776317
    0
    Beds
    2
    Baths
    2
    ½ Baths
    0.29
    Acres
    3,520
    SQFT
    $165
    $/SQFT
    1984
    Built
    Neighborhood:
    Montrose City
    County:
    Montrose
    Area:
    Montrose City
    Property Description
    Great investment opportunity! Two commercial units both with long term rental history and a residential unit. Unit A has an office space, main floor warehouse and loft. Unit B has 2+ office spaces, main floor warehouse and loft. Each unit has its own bathroom. The home is 1488 sq ft, 3 bed 2 bath with a fenced in backyard. The residential unit and one commercial unit are currently at a discounted rate for family which brings the entire property a Cap Rate of 6.44. Both commercial leases switch to Month to Month starting July, 1st 2021. The residential unit will not be available to view until mid to late December.
    Exterior Features

    Acreage Range Less Than 1/2 Carport No Lot Dimension 80 X 150 And 40 X 150 Parking 2-10 Total Spaces Roof Metal Sewer Septic Installed Stories 2 Street Description City/Town Water Public Water Well No Waterfront YN No

    Interior Features

    Ceiling Height 16' Finished Sq Ft 5008 Flooring Concrete Foundation Slab Heating Fuel Source Natural Gas Main Sq Ft 1488 Number Overhead Doors 2 Office Sq Ft 3520 One Quarter Baths 0 Total Offices 0

    Property Features

    Books Available No Cam No Cap Rate Percent 6.44 Current Business Montrose Signs & Shippers Current Use Mixed UseRetail Warehouse Documents On File Leases Exchange Trade No Existing Utilities ElectricInternetNatural GasPhoneSanitary SewerWater Fixtures Included No Inventory Included No Lease Included Yes New Construction YN No Owners Association No Possible Property Use AutomotiveManufacturingMixed-UseOffice WarehouseRetail WarehouseWarehouse Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2019 Total Taxes $2901.16 Type Multi-Use W/Res Variable Rate No Water Rights No Zoning Type Commercial

    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 2020. 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 The Dawn Howe Group | Keller Williams Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2020-11-30T23:56:27.02.
     
    https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_776317-2.jpg https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_776317-2.jpg https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_776317-2.jpg
    Logo
    The Dawn Howe Group | Keller Williams Realty
    PO Box 2142
    Crested Butte CO, 81224
    Listing courtesy of Berkshire Hathaway Homeservices Western Colorado Properties.