718 E Main Street

Montrose, CO 81401

About this property

Rare opportunity to purchase a landmark 1902 Victorian in downtown Montrose. The Lathrop House continues to present the finest "turn of the century" architecture while proudly displaying the National Historic Registry designation. Pride of ownership over the past century reflected throughout all 3 levels of the home which is now optimized for B&B use, as well as long term rental income. The kitchen features 2 refrigerators, 2 ovens and plenty of cabinet space, and granite countertops. Living areas; entry, parlor, living room, and dining room are drenched in period finishes, fixtures, and furniture. The first floor also has a large bedroom with private bathroom and stackable washer/dryer. A bonus room is perfect for office or den. The second level includes 3 guest rooms, 1-1/2 baths, plus a lock-off efficiency suite, bathroom, mini-kitchen and laundry with exterior entry. Penthouse apartment is on the 3rd story is complete with bedroom, bathroom, kitchen, wet bar, 4 built-in desks, living room and outside entrance. Decor in this space is Colorado Lodge. Huge cottonwood trees canopy the front that includes an elegant wrap-around porch, plus two fenced in patios on the West and East and a deck in the second floor, sprinkler system, fencing and flowers. This beautiful one of a kind home is offered turn-key including almost all personal property on site. (there is a small list of exclusions) New boiler for home was installed in 2018. This multi purpose home offers you many opportunities!! This Victorian style can be "home sweet home" or apartments or a B&B or an office/home combo or... Use your imagination. Includes a 2 car detached garage in the alley along with 5 private parking spaces plus on-street parking in front. You get Main Street frontage with peace and tranquility at the same time. CAP rate for this property is 5%. Don't miss out on this one!!

Date Added
May 2, 2019
Listing Status
Active
Days On Site
469
MLS#
756801

Features and Additional Information

Lot Size
10,890 SqFt
Acreage
0.25
Property Type
Residential
Style
Detachd
Sub-Type
Resale
Year
1902
Garage
2
Pool
No
Story(s)
Three Story
Property View
No
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$800,000 Active
6 Beds
4fb/1hb Baths
4,414 SQFT

Presented By Coldwell Banker Distinctive Properties, Bozeman

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Get in touch today! Phone: (406) 587-7653
Brokerage
Bozeman
(406) 587-7653
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Area Information

Montrose City | Montrose County | Other

$ 800,000
This listing is play_arrow 61.6% higher than the average in the area
$ 495,000 in the area
4,414 SqFt
This listing is play_arrow 84.8% larger than the average in the area
2,389 SqFt in the area
$ 181 $/SqFt
This listing is play_arrow 12.5% less than the average in the area
$ 207 $/SqFt in the area
469 days on site
This listing is play_arrow 13.8% below the average in the area
544 days on site in the area

Schools in the Area

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    Elementary School
  • turned_in
    Middle School
    Centennial 6-8
  • turned_in
    High School
    Montrose 9-12

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