This is a perfect opportunity for a 'hold then build' type investor, or a builder that's ready to do a multifamily project that starts slow and builds as the units sell. Most local multi-family parcels are much larger-this is a more reasonable size. City of Montrose has given a verbal ok to 17 or 18 units-making the price per door of only 15k! The price has been lowered now substantially and it has become attractive to buyers as a single family homesite--1.75 acres in town with irrigation water--great views. Call agent for more information and to walk the property.Property has been annexed into the City of Montrose and has achieved the R-3A zoning. This is for high density single and multi-family homes. Great,easy to work with lot that is level and backs up to the irrigation canal to the back. Premier spot for an impressive single family home too! Come walk the property!
MLS# | 669653 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Days On Site | 667 |
Area Information | |
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State | CO |
County | MONTROSE |
City | Montrose |
Zip Code | 81401 |
Area | Montrose City |
Listing VS Median (in NA) | |
Price: $205,000 low | high Med: $385,000 On Site: 667 low | high Med: 339 Sourced by Back At You |