Average square foot calculated using Size range provided by listing agent.
Description
Charming Downtown Montrose Bungalow – Investment Opportunity! Price recently adjusted by $10, 000 to reflect buyer feedback and allow room for updates. Great opportunity to add your own finishing touches and build equity. Don’t miss this incredible opportunity in the heart of Montrose! This cozy bungalow sits just blocks from Main Street, giving you easy access to local shops, restaurants, and community events. With B-1 zoning, you can run your business right from the property, and its location within the city’s REDO District opens the door for future growth. Build an ADU to create extra income or double your investment potential! The property also boasts a solid rental history, making it an attractive choice for investors seeking dependable returns. The home was remodeled in 2014, featuring newer windows, a functional kitchen, and durable laminate flooring. Major updates include a new furnace (2021), hot water heater (2023), and upgraded electrical panel (2023)—all big-ticket items already taken care of. Outside, you’ll find extra parking perfect for an RV, boat, or RZR, plus a handy exterior shed for additional storage. Whether you’re looking for a downtown home base, a business location, or a long-term investment, this property offers rare versatility. Schedule your showing today before it’s gone. Proven rental history. More photos to come!Show Description