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6 unit Multi-Family or AIRBNBN parcel, 2 stories w/ 2 decks + a rooftop patio. Great rental History with short / long term. ONLY $188 PER FOOT, BELOW REPLACEMNET ABND BULDING COSTS! 8.62% CAP rate (w/all expenses except mngt) 177k++ of Gross income last year. 16 bedroom/10 bath, 5-6 Unit Income producing Multi-Family on Main St, Montrose. Corner lot, all in one building, w/ multiple uses, near Telluride. *long term MF income would be ~11,000_ month or higher with airbnb, Over 7,300+ feet plus 2 covered decks, 5 Apartments + a lock off, Since its zoned B-1, you are at a massive advantage if rules come down the line as they have in other towns. No residential neighbors to complain STR are affecting neighborhood. Great walking location, right downtown with coffee/grocery/bars /distillery /CO-working /food trucks all within 2 blocks. If you long termed it, Tenants can pay electric (5 meters) + (2 gas meters). Owner would still pay sewer/water/trash. 5 extra storage units for the rentals also, (3 inside lobby, 2 outside). Recently restored and upgraded with 90% new plumbing and 90% new wiring, 5 new electric meters and 2 units are gas metered. Many new windows, 90%+ new flooring, stylish stone, barnwood and granite. Stainless appliances and high ceilings in most units. Building wide master Fiber WIFI for future additional income. Major $600,000 Remodel in 2017-19 and also permitted upgrades in 2021. City parking in multiple locations nearby and adjacent. 1)The front unit is 147 main st, a huge 3000 sq feet up and down unit with 5 bedrooms and 4 baths), (2 master ensuites upstairs with decks and rooftop patio. 2)#18 Selig Av is a large studio 3) #26 Selig Av #A = 2br/1bath 4)#B 3br/2bath with very tall, vaulted ceiling 5) 2br/1b w/ vaulted ceiling 6) #D is a lockoff of C, its a 1br/1b separate alleyway entrance can be combined with C to make 3/2. All furnishings included, (7 fridges 5 washer dryers, 5 stoves etc )
Based on information submitted to the MLS GRID as of 2026-08-27T17:04:14Z UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listed by Scott Elkins
Listing Office: Telluride Realty LLC
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