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!
Details
| MLS # | 839303 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1888 |
| Days On Site | 24 |
| Listing Provided By | Wild West Realty, LLC | Lee Ann Parden |
Features
| Bath(s) | 5 Total |
|---|---|
| SQ Feet | 3,408 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Units | 5 |
| Zoning | Live/Work,Other,Residential Mult |
| Acreage | 0.10 |
| Property View | Yes |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Hot Water, Natural Gas |
| Interior Features | Living Dining Room |
| Furnished | Unfurnished |
| Appliances | Dryer, Oven, Range, Refrigerator, Washer |
Exterior
| Exterior Features | Deck, Patio |
|---|---|
| Roof | Architectural, Shingle |
Parking
| Garage Yes / No | Yes |
|---|---|
| Attached Garage Yes / No | No |
| Parking Features | Detached, Garage, One Space |
Other
| List Aor | Montrose Association Of Realtors |
|---|
Area Information
| State | CO |
|---|---|
| County | Ouray |
| City | Ouray |
| Zip Code | 81427 |
| Area | Ouray City |
| Community Name | Other |
| School District | Ouray 9-12 |
| Elementary School | Ouray K-6 |
| High School | Ouray 9-12 |
| Listing VS Median (in Other) | |
Price: $1,695,000 low | high Med: $560,000 sqft: 3,408 low | high Med: 2,203 $ / sqft: $497 low | high Med: $354 On site: 24 low | high Med: 163 | |
Market Activity 81427
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Learn More About This Property
| State | CO |
|---|---|
| County | Ouray |
| City | Ouray |
| Zip Code | 81427 |
| Area | Ouray City |
| Community Name | Other |
| School District | Ouray 9-12 |
| Elementary School | Ouray K-6 |
| High School | Ouray 9-12 |
| Listing VS Median (in Other) | |
Price: $1,695,000 low | high Med: $560,000 sqft: 3,408 low | high Med: 2,203 $ / sqft: $497 low | high Med: $354 On site: 24 low | high Med: 163 | |
 | $1,695,000232 Main StreetOuray, CO 81427 |