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646 N 1st StreetMontrose, CO 81401Price: $357,000

  • Price: $357,000
  • Est. Mortgage of $/month
  • 26 Days on Market
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Federal 30-year interest rate: 2.86% last updated on Sep 16, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $357,000List Price
  • 3Bedrooms
  • 1905Year Built
  • 2,201Square Feet
Listed by Jessamy Pressler of Berkshire Hathaway HomeServices Western Colorado Properties

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Opportunity awaits – just bring your imagination and make it happen with this downtown charmer located near the hospital and all of the downtown amenities! This unique property offers 2,201 square feet of mixed-use square footage. The downstairs is currently home to a physical therapy facility while the upstairs (with separate entrance) offers 1034 square feet of residential square footage with a combo bath/laundry room, kitchen, and 2 bedrooms. Possibilities abound with this space as the property is zoned B-1 Central Business, but also has a residential unit upstairs. The 2 spaces are currently separated providing the upstairs unit with security/privacy through a private outside entrance and private staircase up to the property while the downstairs business has off street access as well as a private door to the backyard. Should you desire to transform this property back to a single unit, the current changes for separation can easily be reversed. There is a large, fenced backyard providing abundant space for future development with a possible detached garage or future Accessory Dwelling Unit (ADU). There is angled street parking as well as private parking off the alley in the back of the home/office space. The property is located in the Opportunity Zone and the City of Montrose Redevelopment Overlay District - REDO. Updates: Furnace originally replaced in 2005 with addition of ducting and central AC. AC condenser unit replaced in 2018and roof was replaced in 2018.

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 The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2021. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
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The data on this site was last updated September 17, 2021

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