$3,500,000 Price Analysis    ♡   Montrose, CO 81401 Unknown bed 9 bath 7,600 SqFt ($460/SqFt) 0.25 acre lot. Built 2024 Listed 2024-04-05, Taxes $25 | May be USDA loan restricted due to income limits near Montrose |
Welcome to your next investment opportunity nestled in the heart of Western Colorado's enchanting landscapes.
This eight-unit condo building offers a unique blend of charm and potential for savvy investors seeking both short and long-term rental income streams. With a mix of two cozy 1-bedroom units and six sizeable 2-bedroom units, this property caters to a diverse range of tenants, from couples seekng a romantic getaway to families yearning for an adventure-filled retreat. Each unit is thoughtfully designed to maximize comfort and functionality, ensuring a delightful living experience for tenants and exceptional returns for investors. Strategically located near Western Colorado's premier tourism sites, this property presents an unrivaled opportunity to capitalize on the region's booming travel industry. Outdoor enthusiasts will be drawn to the proximity of world-class skiing, hiking, hunting and fishing areas, making this an ideal destination for year-round exploration and adventure. Whether you're looking to diversify your investment portfolio or capitalize on the burgeoning tourism market, this condo building promises both financial rewards and a chance to immerse yourself in the breathtaking beauty of Western Colorado. Don't miss out on this rare opportunity to own a piece of paradise in one of the country's most sought-after destinations. Schedule your viewing today and unlock the potential of this remarkable investment gem!
Construction to begin 2nd quarter 2024. (Subject to units being presold)
Presented by Donald Martin at
Moore Integrity Real Estate.
Property MLS #812277 from CREN
Refrigerator
Dishwasher
Washer
Dryer
Disposal
Microwave
Heating Fuel: Electric
Flooring: Tile, Laminate
Covered Deck
Road Frontage Type: Road
Roads: Paved
Lot Size Square Feet: 10890
Green Energy Generation: Solar(Photovoltaic)
Association Name: Farm at Valley Ranch HOA
High School: Montrose 9-12
Middle School: Columbine 6-8
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Montrose
Directions: From S Townsend, left on Ogden Rd headed east. Property on the right.
Tax Year: 2024
Source Property Type: MULTIFAMILY
Area: Montrose SE
Source Neighborhood: Montrose SE
Zoning: Residential Multi Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $360 $360 | $25 |
| 2021 | $unknown + $400 $400 | $27 |
| 2020 | $unknown + $310 $310 | $21 |
| 2019 | $unknown + $310 $310 | $21 |
| 2018 | $unknown + $430 $430 | $30 |
| 2017 | $unknown + $430 $430 | $29 |
| 2016 | $unknown + $330 $330 | $22 |
| 2015 | $5,600 + $4,230 $9,830 | $659 |
| 2014 | $5,400 + $4,230 $9,630 | $648 |
| 2013 | $5,400 + $4,230 $9,630 | $606 |
| 2012 | $6,600 + $6,050 $12,650 | $790 |
| 2011 | $6,600 + $6,050 $12,650 | $748 |
| 2010 | $unknown + $unknown $14,290 | $881 |
| 2009 | $unknown + $unknown $14,290 | $832 |
| 2008 | $unknown + $unknown $13,260 | $781 |
| 2007 | $unknown + $unknown $13,260 | $773 |
$3,500,000
CREN
Sold 2021-07-09
$2,575,200
Public Record
Listing removed 2021-07-08
$0
Telluride
Listed 2020-03-19
$2,950,000
Telluride
Sold 2011-02-09
$250,000
Public Record
Year Built: 2024
Construction Materials: Metal
Foundation Details: Slab
New Construction: Yes
Property Condition: To Be Constructed, Design/Build Package
Roof: Metal
Water Well: No
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.