0 Cascade Ave Unit 725816 Montrose, CO 81401

This is a residential home that fronts Townsend. So its a great opportunity for work/home or small commercial with highway frontage. The owner could easily add 2-3 more storage units for cars or business inventory. 990 feet (the property could just be residential also, as the fence and set up , dim out the road noise and the bedrooms are not backed up to the road. Cascade st is the access street for quieter enjoyment.) notes: Property fenced currently. Newer roof Evap cooler on parcel. 2bedrooms + office/commercial HWY curb cut if you wanted parking from HWY 2 storage units on parcel currently, one is BIG and could hold a car? Only 8 homes under 130k in all of Montrose Out of town buyers/Investors: The Western slope of Colorado is a fast growth market with huge long term upside. Tourism to Telluride/Ouray/Ridgway is driving the growth. There are also a lot of relocation buyers from Denver. There are plenty of jobs but few housing options. There are NO major home builders in this area and inventory has been low for years, ever during the recession. Currently there are only 6 homes under 135,000 in the city of Montrose( Population 19,000/ county 36,000) This home is zoned commercial but can be used as either C. or R. The rent would easily be $700-$800 once rehabbed( strong rental demand) (additional income could be from storage or shed rental or commercial application. ARV $135,000++ depending on level of rehab. notes: The lot fronts major hwy, commercial zoning, low inventory, high demand, home needs some work, but is currently insured and all plumbing/heating/electric works and is RENTABLE.The metal roof is in good shape, 6' privacy fenced yard