Justin J Covington, RE/MAX Alpine View, C: 970-275-4189, , This home offers unique opportunities in Old Town Montrose. A wonderful 4 Bed, 3Bath Single Family Home, OR MANY OTHER CONFIGURATIONS !!! with a Full, Modern 1 Bed, 1 Bath Apartment in the Walkout Basement that can be isolated/separated from the upper 3 Bed 2 bath house the lower level has a proven history of generating $1600 monthly with traveling medical professionals. Live in the Upper 3 Bed, 2 Bath house and pay 1/2. your mortgage with travelers in the walk out basement. Or a sound, proven rental investment @ $3,800 monthly for both sections of the home being rented. Totally remodeled and modernized nearly 2500sqft 4 Bed, 3 Bath home w/ a 750sqft Modern Master Suite featuring 17x6 Walk-in Closet w/ Laundry, Large Master Bath, in-slab heat, Private Master Retreat with Kitchenette. ALSO this space would make a fine Multi-Generational Living unit w/ an independent 750sqft apartment with no stairs, Kitchenette and Laundry all on one level OR this house can be Configured as Two Totally independent Living Spaces ONE *3bed *2bath and the other *1bed *1Bath. Space off the alley for an future ADU, Sewer already installed and Soil report completed for ADU. You will also benefit from a total remodel where, Plumbing, Electrical, Boiler, Kitchen, Bathrooms and every surface has been addressed. New Paint, Flooring, in-Slab Heating, Two Separate Laundries, New Plumbing, Modern Windows and Insulation. A large double lot, with Newly Fenced Yard and Alley access. New PVC Sewer line with RV plumbing (water and sewer) in the back lot ADU footprint. Can provide multiple Recent Rental contracts for $3,800 monthly. Very walkable, Bike Friendly Old Town Montrose. 7% CAP rate can make this a solid investment property. Soil test done for ADU off the alley that will further increase the investment performance. Located in the Montrose Zoning "REDO District" and Federal "Opportunity Zone" both allow Special Development Discounts and Variances along with Unique Tax Benefits

Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.