814 s 7th street

Wonderful 4 Bed, 3 Bath Home w/ 2 Large Living Rooms, Formal Dining, Sun Room. Spacious Open Floor Plan. A Large Fully Finished and Wonderfully Maintained Home with a Modern Master Suite featuring Huge 17'x6' Walk-in Closet w/ Laundry, Large Private Master Bath, in-slab heat, Master Retreat and Kitchenette. New Windows Throughout and a New High Efficiency Boiler for low utility bills ,The Main level also Has Kitchen, Dining and Living Rooms with a Bathroom, Laundry and Sunroom. The Upper level has 3 bedrooms and a Full bath. This home was specifically designed for the flow of a single family home that has the unique ability to be segmented into two separate thoughtfully designed independent units. Allowing for rental potential or multigenerational living. The Lower level can be isolated as an independent appartement with only one step, This is an PROVEN partial rental at $1600 monthly. Totally Secure and Separate from the Remaining 3 bed 2 baths of the Home. Additional Space off the alley and fully fenced back yard for an future ADU, Sewer already installed and Soil report completed for ADU. You will also benefit from a total remodel where, Plumbing, Electrical, Boiler, Kitchen, Bathrooms and every surface has been addressed. New Paint, Flooring, in-Slab Heating, Two Separate Laundries, New Plumbing, Modern Windows and Insulation. A large double lot, with Newly Fenced Yard and Alley access. New PVC Sewer line with RV space and hook-up (water and sewer) in the back lot ADU footprint. Can provide multiple Recent Rental contracts supporting a 7% CAP rate to make this a solid investment property. Very walkable, Bike Friendly Old Town Montrose. Soil test done for ADU off the alley that will further increase the investment performance. Located in the Montrose Zoning "REDO District" and Federal "Opportunity Zone" both allow Special Development Discounts and Variances along with Unique Tax Benefits .