718 E Main Street

    Montrose, CO 81401
    • $800,000
    • STATUS: Active
    • ON SITE: 196 days
    • MLS #: 36994
    UPDATED: 63 min ago
    $800,000
    • 5
      BEDS
    • 0.25
      ACRES
    • 4
      BATHS
    • 1
      1/2 BATHS
    • 4,414
      SQFT
    • $181
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1902
    County:

    School Ratings & Info

    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 bathplus 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) 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!!

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    © Copyright 2019 by Telluride Association of REALTORS, Inc. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Telluride Association of REALTORS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Telluride Properties. Data last updated: 2019-11-15T16:49:23.09.

    www.searchtelluriderealestate.com/homes/94346910

    718 E Main Street Montrose, CO 81401

    • Price: $800,000
    • Status: Active
    • Updated: 63 min ago
    • MLS #: 36994
    5
    Beds
    4
    Baths
    1
    ½ Baths
    0.25
    Acres
    4,414
    SQFT
    $181
    $/SQFT
    1902
    Built
    Neighborhood:
    None
    County:
    Montrose
    Area:
    Montrose - Mros (Major Area None)
    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 bathplus 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) 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!!
    Exterior Features

    Access CityPaved Construction Frame Covered Parking 2 Car Extras Detached GarageGarage Door OpenerPatio/Deck Garage 2 Car Garage Lofts None Open Area Parking 3 Car + Roof Metal Secondary Buildings Detached Garage Special Location None Style Victorian Substructure Unfinished

    Interior Features

    Appliances DishwasherDisposalDryerElec Oven/RangeMicrowaveRefrigeratorWasher Fireplaces 2Artificial Gas Logs Furnished FullPartial Heat ElectricForced AirGasOther

    Property Features

    Age 40+ Years Communications Regular Phone Deed Restrictions None Disclosures Covenants Electric Power Company Gas Natural Major Area None REO No Residential Type Within Township/City Limits RETT None Sanitation Sewer Short Sale No Sq Ft Source Assessor Tax Year 2018 Taxes 2814.68 Utility Phone Lines Regular Phone Utility Primary Heat Gas Base Water Public Zoning Residential/Commercial

    Listing provided courtesy of Kari Girard of Ponderosa Real Estate The Source For Real Estate.
    © Copyright 2019 by Telluride Association of REALTORS, Inc. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Telluride Association of REALTORS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Telluride Properties. Data last updated: 2019-11-15T16:49:23.09.

     
    Telluride Properties
    237 South Oak Street
    Telluride CO, 81435