For Sale, Fully Leased $1,300,000 - Apartment Buildings
832 N. 2nd St. presents a compelling opportunity to acquire a 7-unit residential income property in one of Western Colorado’s steadily growing rental markets. Ideally located within close proximity to downtown Montrose, this asset benefits from strong tenant demand, convenient access to amenities, and a stable rental environment. Located next to City of Montrose park and walking path. Short walk to Montrose Fairgrounds.
The property offers immediate income with existing tenants in place, while also providing upside through rent growth and operational improvements. Its manageable size makes it an attractive option for both seasoned investors and those looking to expand or enter the multi-family sector.
With Montrose continuing to experience population growth and increased demand for quality housing, 832 N 2nd St is well-positioned for long-term appreciation and consistent cash flow, making it a strategic addition to any investment portfolio.
Features
- Condition: Good
- Construction: Brick
- Driveway/Parking Area: Asphalt
- Easily Accessible
- Exterior: Brick
- Flooring: Carpet
- Flooring: Laminate
- Fuel Type: Electric
- Heating: Baseboard Electric
- Landscaped
- Parking 2-10 Total Spaces- Rear of Building
- Parking: 21+ Spaces; Common
- Prime Location
- Rental Income
- Roof: Composition Shingles
- Sanitation: Sewer
- Stories: 1 Story
- Tenant in Place
- Trash
- Water
- Water: City
















