1145 S 5th Street Montrose, CO 81401

HUGE INVESTMENT OPPORTUNITY! This beautifully updated 1,845-square-foot home is a rare gem located in the heart of Montrose's vibrant ReDo District. Sitting on an expansive 2.5 city lots, this property offers both charm and opportunity with two rental units, each featuring 1 bedroom and 1 full bathroom. The main level is approximately 1113 unfurnished square feet and currently rents for $1700 a month. The upstairs unit is fully furnished including all appliances and furniture and currently rents for $1475 a month. The home has been thoughtfully modernized while preserving its original character, boasting stylish finishes, an open layout, and abundant natural light. The two rental units are equally well-appointed, providing ideal living spaces for tenants or extended family, with private entrances and a shared outdoor area. The large lot offers ample outdoor space, perfect for building another one or two units with room for entertaining, gardening, or even future expansion. Conveniently located near trendy shops, dining, and entertainment, this property is a unique investment opportunity in a sought-after neighborhood. Whether you're looking for a multi-family rental or a spacious home with income potential, this property checks all the boxes!