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E Main Street, Montrose, CO 81401

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For Sale

$560,000

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APR for 30 years

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PROJECTED NOI: $73,500 (AIRDNA) PROJECTED Net Cap Rate 13% (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 subdivision is complete this property is expected to generate $73,500 in NOI with a projected 13% 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. New exterior paint in 2025. 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: - 3,700 Square Feet - 0.57 Acres - Guest Check In Area - Manager Live In Suite (Includes Bathroom & Kitchen) - 4 Suites (Potential 5) - 4 Bathrooms - Fireplaces - 5 Separate Entrances - Private Patios - Exterior Cooking Area - Outdoor Pool - 15 Parking Spaces - Main Street Access & Visibility - Walking Distance to Restaurants - Seller Financing Available Montrose Facts: - Elevation: 5,807 - Population: 21,003 (2022) - Total Area: 18.5 Square Miles - Founded 1882
MLS# 20253861

Courtesy Of BRAY REAL ESTATE

(970) 241-2909

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Directions to E Main Street, Montrose, CO 81401

Home seller CENTURY 21 Elevated Real Estate

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CENTURY 21 Elevated Real Estate

(970) 249-7653
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.