2065 & 2067 Locust Rd Montrose, CO 81401
Estimated payment $4,310/month
About This Lot
* Montrose, Colorado Development Opportunity – 2 Acres, 39-Unit Shovel-Ready Project Skip the headaches, delays, and years of waiting for approvals—this 2-acre R-4 parcel in Montrose comes with fully approved plans for a 39-unit community. Every step of the entitlement process has been completed, saving you 12–24 months of costly time, staff hours, and government red tape. With approvals in hand, you can break ground immediately and have units built, sold, or rented within 12 months. Compare that to starting with raw dirt, where zoning and approvals could push your timeline out years. In real estate development, time is money—and this project gives you a massive head start. * The Vision This thoughtfully designed community addresses the biggest need in Montrose: affordable, flexible housing. Buyers want efficiency, adaptability, and smart layouts. These homes are designed for today’s lifestyles—perfect for single parents, grandparents, or buyers who don’t want to pay for unused space. Features like Murphy beds that convert into desks maximize square footage, while each unit includes a 1-car garage plus outdoor parking—offering practicality without wasted costs. * Seller Financing Available Rarely offered on a project of this scale, the seller is willing to carry financing with terms: 30% down (approx. $250,000) Seller will carry a first trust deed note for up to 2 years at 6.5% interest Monthly payments structured for builders and developers to secure additional funding or build in phases This unique financing option makes it possible to control a project with massive ROI potential while minimizing upfront capital. * Key Highlights: 2-acre R-4 parcel in Montrose, CO Plans completed & approvals in place for 39-unit residential community Shovel-ready – start building now, save 12–24 months of approval delays Smart, flexible layouts designed for modern buyers High-demand product in Montrose’s tight housing market Seller-carry financing available with competitive terms * Opportunities like this don’t last in Montrose. With approvals done, financing options available, and the local housing demand stronger than ever, this is your chance to bring one of the most innovative and affordable communities to market. Contact Don Martin, Montrose Realtor to review plans and documents today.
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,018
Schools
- Johnson K-5 Elementary School
- Centennial 6-8 Middle School
- Montrose 9-12 High School
Additional Features
- 1.81 Acre Lot
- 2 Irrigated Acres
- Irrigation Water Rights
Listing and Financial Details
- Security Deposit $8,000
- Assessor Parcel Number 376723305001
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/17/2025 09/17/25 | For Sale | $749,900 | -- | -- |
Source: Colorado Real Estate Network (CREN)
MLS Number: 828614

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