Video Tour:
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1702 E Main St Montrose CO Airbnb on Vimeo

Exceptional Single Room Rental Investment Opportunity in a High-Traffic Corridor

Don't miss this opportunity to acquire a low-entry-price property situated in a prime, highly visible location. This asset utilizes a hybrid weekly/monthly rental model with 70% occupancy and revenue, $70,000 Rental Income and a compelling 11.9% capitalization rate.

Optional income from the seasonal pool and patio area can further boost annual returns by up to $8,000.

Property Features & Amenities
The property is meticulously set up for short term room rental success, featuring:
• Guest Suites: A welcoming guest check-in area and four (with potential for five) elegantly designed suites. Could be developed into two additional long-term suites.
• Capacity & Comfort: A total of 7 beds and 5 well-appointed bathrooms.
• Kitchens: Three suites offering kitchens with two being new efficiency kitchens.
• Atmosphere: Two cozy fireplaces enhance the ambiance, one fireplace located in check-in and one located within a suite, and five separate entrances ensure convenience and privacy for all guests.
• Outdoor Amenities: Guests will appreciate the outdoor pool, designated cooking area, and private patios.
• Practical Updates: The exterior features new paint applied in 2025.
• Parking: Ample on-site parking is available, accommodating up to 15 vehicles.

Unbeatable Regional Access
The location is a major asset, perfectly positioned in a central hub:
• Walkable Convenience: The property is within walking distance of popular local eateries, including a bar and a Mexican restaurant.
• Gateway Location: Located just minutes from the Montrose Regional Airport (MTJ), this is the ideal base for exploring major regional attractions.
• Recreational Hub: Enjoy convenient access to year-round activities near Black Canyon National Park, Telluride Ski Resort, Silverton, Ridgeway, Ouray, Grand Junction, and Durango.
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This high-yield property won't last. Contact us today to receive the detailed financials and seize this outstanding investment opportunity!
Property Facts:
• 3,700 Square Feet
• 0.57 Acres
• $70,000 Rental Income, 11.9% Cap Rate
• Guest Check In Area
• 7 Beds
• 5 Bathrooms
• 3 Kitchens
• Fireplaces
• 5 Separate Entrances

Montrose Facts:
• Elevation: 5,807
• Population: 21,003 (2022)
• Total Area: 18.5 Square Miles
• Founded 1882

Rental Income Potential Breakdown
• Room 120 - 1BR, Weekly $400.00, Monthly $1,600.00, Annual $19,200
• Basement Apartment - 1BR, Monthly $800.00, Annual $9,600.00
• Room First Floor - 2BR, Monthly $700.00, Annual $8,400.00
• Room 118 - 2BR, Weekly $600.00, Monthly $2,400.00, Annual $28,800.00
• Room 119 - 2BR, Weekly $600.00, Monthly $2,400.00, Annual, $28,800.00

Pro Forma Income
Monthly Income: $7,900.00
Annual Income: $94,800.00
Season Rent Premiums: $10,400.00
Pool & Patio Rental: $8,000.00
GPI: $113,200
Expenses: $39,500.00
NOI: $67,000
Cap Rate: 11.9%

Disclosure: Pool is not operational. Subdivision to be completed January 2026.