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E Main Street, Montrose, CO 81401

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For Sale

$560,000

Estimated Payment

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APR for 30 years

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Exceptional Single Room Rental Investment Opportunity in a High-Traffic Corridor Don't miss this opportunity to acquire a low-entry-price property situated in a prime, highly visible location. This asset utilizes a hybrid weekly/monthly rental model with 70% occupancy and revenue, $70,000 Rental Income and a compelling 11.9% capitalization rate. Optional income from the seasonal pool and patio area can further boost annual returns by up to $8,000. Property Features & Amenities The property is meticulously set up for short term room rental success, featuring: - Guest Suites: A welcoming guest check-in area and four (with potential for five) elegantly designed suites. Could be developed into two additional long-term suites. - Capacity & Comfort: A total of 7 beds and 5 well-appointed bathrooms. - Kitchens: Three suites offering kitchens with two being new efficiency kitchens. - Atmosphere: Two cozy fireplaces enhance the ambiance, one fireplace located in check-in and one located within a suite, and five separate entrances ensure convenience and privacy for all guests. - Outdoor Amenities: Guests will appreciate the outdoor pool, designated cooking area, and private patios. - Practical Updates: The exterior features new paint applied in 2025. - Parking: Ample on-site parking is available, accommodating up to 15 vehicles. Unbeatable Regional Access The location is a major asset, perfectly positioned in a central hub: - Walkable Convenience: The property is within walking distance of popular local eateries, including a bar and a Mexican restaurant. - Gateway Location: Located just minutes from the Montrose Regional Airport (MTJ), this is the ideal base for exploring major regional attractions. - Recreational Hub: Enjoy convenient access to year-round activities near Black Canyon National Park, Telluride Ski Resort, Silverton, Ridgeway, Ouray, Grand Junction, and Durango. ________________________________________ Property Facts: - 3,700 Square Feet - 0.57 Acres - $70,000 Rental Income, 11.9% Cap Rate - Guest Check In Area - 7 Beds - 5 Bathrooms - 3 Kitchens - Fireplaces - 5 Separate Entrances Rental Income Potential Breakdown - Room 120 - 1BR, Weekly $400.00, Monthly $1,600.00, Annual $19,200 - Basement Apartment - 1BR, Monthly $800.00, Annual $9,600.00 - Room First Floor - 2BR, Monthly $700.00, Annual $8,400.00 - Room 118 - 2BR, Weekly $600.00, Monthly $2,400.00, Annual $28,800.00 - Room 119 - 2BR, Weekly $600.00, Monthly $2,400.00, Annual, $28,800.00
MLS# 20253861

Courtesy Of BRAY REAL ESTATE

(970) 241-2909

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Directions to E Main Street, Montrose, CO 81401

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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.