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    718 E Main Street

    Montrose, CO 81401
    • $805,000
    • STATUS: Active
    • ON SITE: 120 days
    • MLS #: 777229
    UPDATED: 129 min ago
    $805,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 4
      BATHS
    • 1
      1/2 BATHS
    • 4,414
      SQFT
    • $182
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1902
    County:

    School Ratings & Info

    Listing courtesy of Berkshire Hathaway Homeservices Western Colorado Properties.


    Description

    A piece of history, known locally as the Lathrop House was built by John Virgil Lathrop in 1902. The Free Classic Queen Anne Style home is characterized by its asymmetrical massing, multi-gable roof, projecting bays, decorative porches, conical roof porch section, and ornamented gables. The home was placed on the National Historic Registry in 1988 and is one of the few homes in the area with this designation. The large wrap around porch draws you in. Through the front door you enter into the foyer with direct access to the main stairwell, the front living area and parlor. Tucked behind the stairwell is the main floor master bedroom. The main floor bath adjoins the bedroom and kitchen area. The kitchen features two refrigerators and two ovens, granite countertops and is truly the heart of the home tying everything together. You can step down into the sunken family room and escape out to the back patio for some fresh air, or sneak up the back stairwell to the second floor. If you're feeling more social, the expansive dining room is just off to the west and leads you back to the main living and parlor room. The second floor is home to three bedrooms, one with it's very own half bath, and a full bathroom at the end of the hall complete with clawfoot tub and marble vanity. The fourth bedroom on the second floor can be completely shut off from the rest of the house with a full bathroom, kitchenette and laundry and it's own private access from the back patio. The final stairwell leads you up to the third floor, fully finished apartment. The third floor can also be shut off from the main house, making it the perfect guest quarters or rental space. With so many options, including commercial zoning, this is the perfect home, vacation rental, or a mix of both! The current cap rate is based on a covid discount and only 2 units being occupied. If the main unit is occupied as well, the cap rate would go up to 6%.

    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 2021. 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: 2021-04-22T23:56:26.81.
    www.crestedbutteliving.com/homes/112836888
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    718 E Main Street Montrose, CO 81401

    • Price: $805,000
    • Status: Active
    • Updated: 129 min ago
    • MLS #: 777229
    0
    Beds
    4
    Baths
    1
    ½ Baths
    0.25
    Acres
    4,414
    SQFT
    $182
    $/SQFT
    1902
    Built
    Neighborhood:
    Montrose City
    County:
    Montrose
    Area:
    Montrose City
    Property Description
    A piece of history, known locally as the Lathrop House was built by John Virgil Lathrop in 1902. The Free Classic Queen Anne Style home is characterized by its asymmetrical massing, multi-gable roof, projecting bays, decorative porches, conical roof porch section, and ornamented gables. The home was placed on the National Historic Registry in 1988 and is one of the few homes in the area with this designation. The large wrap around porch draws you in. Through the front door you enter into the foyer with direct access to the main stairwell, the front living area and parlor. Tucked behind the stairwell is the main floor master bedroom. The main floor bath adjoins the bedroom and kitchen area. The kitchen features two refrigerators and two ovens, granite countertops and is truly the heart of the home tying everything together. You can step down into the sunken family room and escape out to the back patio for some fresh air, or sneak up the back stairwell to the second floor. If you're feeling more social, the expansive dining room is just off to the west and leads you back to the main living and parlor room. The second floor is home to three bedrooms, one with it's very own half bath, and a full bathroom at the end of the hall complete with clawfoot tub and marble vanity. The fourth bedroom on the second floor can be completely shut off from the rest of the house with a full bathroom, kitchenette and laundry and it's own private access from the back patio. The final stairwell leads you up to the third floor, fully finished apartment. The third floor can also be shut off from the main house, making it the perfect guest quarters or rental space. With so many options, including commercial zoning, this is the perfect home, vacation rental, or a mix of both! The current cap rate is based on a covid discount and only 2 units being occupied. If the main unit is occupied as well, the cap rate would go up to 6%.
    Exterior Features

    Acreage Range Less Than 1/2 Carport No Lot Dimension 10937 Parking 2-10 Total Spaces Parking Spaces 5 Roof Metal Sewer Public Sewer Installed Stories 3 Street Description City/Town Water Public Water Well No Waterfront YN No

    Interior Features

    Finished Sq Ft 4414 Flooring CarpetLaminateTile Foundation Basement-Below GradeStone Heating Fuel Source Natural Gas Heating System BoilerIn-Floor Radiant Lower Sq Ft 1048 Main Sq Ft 1472 One Quarter Baths 0 Total Offices 0 Upper Sq Ft 1457

    Property Features

    Available Utilities CableElectricFiber OpticsInternetNatural GasPhone Books Available No Cam No Cap Rate Percent 3 Covenants No Current Use Mixed Use Documents On File AppraisalsLeasesLegal Description Exchange Trade No Existing Utilities ElectricInternetNatural GasWater Fixtures Included No Inventory Included No Lease Included Yes New Construction YN No Owners Association No Possible Property Use General OfficeLodgingMixed-UseShowroom Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2019 Total Electric Meters 1 Total Gas Meters 1 Total Taxes 2791.08 Total Water Meters 1 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 2021. 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: 2021-04-22T23:56:26.81.
     
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    The Dawn Howe Group | Keller Williams Realty
    PO Box 2142
    Crested Butte CO, 81224
    Listing courtesy of Berkshire Hathaway Homeservices Western Colorado Properties.