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$ 550,000
Est. payment | /mo
$ 550,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Building
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 20253861
Annual Tax Amount $8,645
Lot Dimensions Irregular
Property Sub-Type Building
Property Description
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
Location
State CO
County Montrose
Area Montrose City
Direction Townsend Ave to E Main, east to property on the south side
Building
Lot Description Irregular Lot
Others
Virtual Tour https://my.matterport.com/show/?m=eN3zbBxiMCB
Listed by BRAY/COMMERCIAL
Nearby Locations
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