Great INVESTMENT opportunity! Fannie Mae now allows owner-occupied 2-4 units with 5% down. This charming 1909 Victorian triplex was restored in 1999 and has an additional cottage house done in 2022. It is nestled in the heart of Montrose. This property is currently generating a total gross income of $68,000 in 2023 from its three rental units.
Unit A: Features 2 bedrooms, 1 bathroom, hardwood floors, granite countertops, and a gorgeous chandelier and ceiling fans.
Unit B: Includes 3 bedrooms, 1 bathroom, stainless steel appliances, washer, dryer, and recently updated paint.
Unit 604: A spacious cottage house with 2 bedrooms, 2 bathrooms, high ceilings, an open living-dining area, light oak hardwood floors, and a garage.
Recent upgrades include new A/C units ($10K, 2/3 units replaced), electric gate motor ($3K), foundation repairs ($6K), and remodeling ($30K). Showings by appointment only, with one unit initially available for viewing. Serious inquiries may see all units.
| Name | Grade | Great School Ranking | Performance Index | Distinction Designations |
|---|---|---|---|---|
| William Wharton K-8 Dual Language Academy | Elementary | 7 of 10 | 4 of 4 | 7 of 7 |
| Gregory-Lincoln Elem | Middle | 3 of 10 | 4 of 4 | 0 of 7 |
| Lamar High | High | 5 of 10 | 4 of 4 | 6 of 7 |
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Statistics and data is from the most recent recent available period, as of the time of this writing. No representations or warranties, either expressed or implied, are made to the accuracy of the information herein, or with respect to suitability, usability, feasibility, merchantability or condition of any property described herein. There is no official relationship between this website, the owner, or lessee/real estate agent and any properties described on this website (including, but not limited to owners, management companies, HOAs or associations) or visa versa. Data is presented for informational purposes only and does not represent a listing of a building, property or entity. All dimensions are approximate