Charming Downtown Montrose Bungalow – Investment Opportunity

Description

Downtown Montrose Bungalow – Investment OpportunityNew price: $205,000! This home is being sold as-is, with pricing that reflects needed updates/repairs. With a solid location and proven rental history, this is an excellent opportunity for investors, flippers, or buyers looking to build equity. Showings have been strong — don’t miss your chance.Prime Downtown Montrose LocationThis bungalow is located in the heart of downtown Montrose, Colorado—just steps away from Main Street shops, restaurants, and local amenities and Montrose Hospital. With convenient access to the city’s vibrant core, this property offers both lifestyle and income potential
Flexible Zoning & REDO District BenefitsZoned B-1, this property provides opportunities to live, invest, or operate your business. Additionally, it is located within the city’s REDO District, allowing buyers to maximize the property’s potential. Build an Accessory Dwelling Unit (ADU) to generate additional rental income or expand the property’s functionality.Recent Upgrades & FeaturesOriginally remodeled in 2014, this home was updated with newer windows, a new furnace (2021), new hot water heater (2023), and an upgraded electrical panel (2023). These updates reduce maintenance concerns for the next owner.Established Rental HistoryWith a proven rental history, this property is an excellent choice for investors seeking reliable returns. Its downtown location and zoning flexibility make it attractive to both long-term renters and business owners.Additional AmenitiesThe lot offers extra parking space, ideal for an RV, boat, or recreational vehicles such as a RZR. An exterior shed provides convenient storage for tools and equipment.Don’t Miss This OpportunityWhether you are searching for a downtown home base, a business location, or a rental investment in Montrose, this property offers rare versatility. Contact United Country Real Colorado Properties today to schedule a showing before it’s gone!