718 E Main Street, Montrose, CO 81401 | Listings

718 E Main Street, Montrose, CO 81401

  • $800,000
  • 6 Beds
  • 2 Full | 3 Partial Baths
  • 4,414 sq ft
  • Year Built: 1902
  • Single Family
  • Listing #756801

Property Description

Rare opportunity to purchase a landmark 1902 Victorian in downtown Montrose. The Lathrop House continues to present the finest "turn of the century" architecture while proudly displaying the National Historic Registry designation. Pride of ownership over the past century reflected throughout all 3 levels of the home which is now optimized for B&B use, as well as long term rental income. The kitchen features 2 refrigerators, 2 ovens and plenty of cabinet space, and granite countertops. Living areas; entry, parlor, living room, and dining room are drenched in period finishes, fixtures, and furniture. The first floor also has a large bedroom with private bathroom and stackable washer/dryer. A bonus room is perfect for office or den. The second level includes 3 guest rooms, 1-1/2 baths, plus a lock-off efficiency suite, bathroom, mini-kitchen and laundry with exterior entry. Penthouse apartment is on the 3rd story is complete with bedroom, bathroom, kitchen, wet bar, 4 built-in desks, living room and outside entrance. Decor in this space is Colorado Lodge. Huge cottonwood trees canopy the front that includes an elegant wrap-around porch, plus two fenced in patios on the West and East and a deck in the second floor, sprinkler system, fencing and flowers. This beautiful one of a kind home is offered turn-key including almost all personal property on site. (there is a small list of exclusions) New boiler for home was installed in 2018. This multi purpose home offers you many opportunities!! This Victorian style can be "home sweet home" or apartments or a B&B or an office/home combo or... Use your imagination. Includes a 2 car detached garage in the alley along with 5 private parking spaces plus on-street parking in front. You get Main Street frontage with peace and tranquility at the same time. CAP rate for this property is 5%. Don't miss out on this one!!

Listing Details

Price$800,000
Bedrooms6 Beds
Bathrooms2 Full | 3 Partial Baths
Year Built1902
Property TypeSingle Family
Listing #756801
StatusActive
CountyMontrose
Listing TypeFor Sale
Property Taxes (Annual)$2,791.08

Interior Features

Square Feet4,414
FloorsCarpet-Partial, Laminate, Tile
Heating and CoolingBoiler, Floor Radiant, Space Heater, Evaporative Cooler
FireplaceBedroom, Gas Logs, Living Room

Exterior Features

FoundationBasement-below grade, Crawl Space
RoofMetal
GarageDetached Garage
Lot Size0.25 acres

Miscellaneous

MLS AreaMontrose City
Garage Spaces2

Courtesy of Kari Girard, Ponderosa Real Estate The Source For Real Estate

Colorado Real Estate Network, Inc

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This content last updated on 7/11/2020 3:20 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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