232 Main Street, Ouray, CO 81427
232 Main Street, Ouray, CO 81427
232 Main Street, Ouray, CO 81427
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The Blackmore Group

The Blackmore Group

+1(970) 444-2431
$1,695,000
Est. payment /mo
5 Beds
5 Baths
3,408 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fiveplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,408 sqft

Price per Sqft $497

MLS Listing ID 839303

Bedrooms 5

Three Quarter Bath 5

Year Built 1888

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Fiveplex

Property Description

Exceptional investment opportunity that has it all: LOCATION, CAP RATE of 7%, and EXEMPTION from City's STR rules/guidelines/STR taxes - all due to its zoning! Situated on Main St in the heart of beautiful Ouray Colorado, otherwise known as the Switzerland of America, this turn key property has 5 separate fully remodeled 1 bedroom, 1 bath apartments. Currently being operated as an STR with an attractive return on investment , the property also has the opportunity to be long term rentals or a residence. With its expansive upper balcony, it boasts some of the "best seats in the house" for magical mountain views and the renowned City of Ouray's fireworks shows on July 4th and NYE. All current bookings can transfer with a sale, providing a new owner with income from Day 1. Come explore this one of a kind opportunity!

Location

State CO

County Ouray

Zoning Live/Work,Other,Residential Multi Family

Rooms

Basement Basement-walk out, Basement-finished

Dining Room Living Room Dining

Interior

Inclusions Dryer, Range/Oven, Refrigerator, Washer

Furnishings Unfurnished

Exterior

Parking Features Detached Garage

Garage Spaces 2.0

View Mountains

Roof Type Architectural Shingles

Building

Story Two Story

Foundation Basement-walk out, Basement-finished

Sewer City Sewer, City Water

Water City Sewer, City Water

New Construction No

Schools

Elementary Schools Ouray K-6

Middle Schools Ouray 7-8

High Schools Ouray 9-12

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Colorado Real Estate Network (CREN) + Sold
Listed by Wild West Realty, LLC

Nearby Locations

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232 Main Street

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