39
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$550,000
Est. payment /mo
4 Baths
3,261 SqFt
New
TBD E Main Street Montrose, CO 81401
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Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 3,261 sqft
Price per Sqft $168
MLS Listing ID 834711
Full Baths 4
Year Built 1955
Annual Tax Amount $8,645
Tax Year 2024
Lot Size 0.570 Acres
Acres 0.57
Property Sub-Type Hotel/Motel
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. ________________________________________ This high-yield property won't last. Contact us today to receive the detailed financials and seize this outstanding investment opportunity! 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 Montrose Facts: • Elevation: 5,807 • Population: 21,003 (2022) • Total Area: 18.5 Square Miles • Founded 1882 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 Pro Forma Income Monthly Income: $7,900.00 Annual Income: $94,800.00 Season Rent Premiums: $10,400.00 Pool & Patio Rental: $8,000.00 GPI: $113,200 Expenses: $39,500.00 NOI: $67,000 Cap Rate: 11.9% Disclosure: Pool is not operational.
Location
State CO
County Montrose
Interior
Heating Forced air
Cooling Refrigerated Air
Flooring Carpet, Tile, Vinyl
Furnishings Furnished
Exterior
Parking Features 10-20 Total Spaces
Garage Spaces 15.0
Utilities Available Electric, Internet, Natural Gas, Phone, Sanitary Sewer, Water
Roof Type Membrane
Building
Story 1
Foundation Slab
Sewer Public Sewer Installed
Water Public, Water Installed
New Construction No
Others
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Listed by Bray Commercial LLC
NEARBY SCHOOL & BUSINESS
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