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?? Looking for a home in Montrose, Colorado that offers both family comfort and income potential? This freshly remodeled property is truly a home run. Live downstairs in your spacious 1.5-bedroom suite, while renting out the upstairs unit that comes with its own private entrance. Simply lock off the double doors and collect $1,400-$1,900/month rental income (Zoned R4) without sacrificing your privacy. Need a place for extended family? The fully furnished upstairs suite doubles perfectly as a downsized home for in-laws or guests. When your family grows, remove the lock-off doors and instantly enjoy a full 3-bedroom, 2-bathroom home with 2 kitchens and 2 living rooms. This home adapts as your life changes—multi-generational living and investment income in one property. Built with solid exterior brick walls, this home offers unmatched soundproofing, strength, and long-term durability—a rare find in today's market. Why spend $50,000+ on fencing, landscaping, appliances, and upgrades with new construction, only to get stuck with strict HOA rules? This property already has it all—no HOA, no restrictions on ADUs or Airbnb-style rentals, and real freedom for homeowners. ?? Seller Incentive: The seller is purchasing a 2-point buy-down on your mortgage interest rate for the entire life of the loan—not just 1 or 2 years. That means permanent savings on every payment for as long as you own the home. ? Key Features: *Flexible floor plan with lock-off unit for income or multi-gen living *Earn $1,400-$1,900/month rental income (Zoned R4) *3 bedrooms, 2 bathrooms, 2 kitchens, 2 living areas *Exterior brick construction = strength, quiet, and value *Freshly remodeled with modern finishes *No HOA dues, no restrictions on use *Seller-paid 2-point permanent rate buy-down = lower monthly payment for life *Convenient Montrose location, close to schools, parks, and shopping Why rent when you can own a home that pays you back? With today's economy, this property gives you options: grow your family, support loved ones, create passive income, and enjoy lower payments for decades thanks to the seller's buy-down. ?? Don't miss your chance to own one of the most versatile homes in Montrose real estate. Schedule your showing today with Don Martin, Montrose Realtor. .
LAST UPDATED | 9/12/2025 | TRACT | Loutsenhizer Addn |
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YEAR BUILT | 1948 | COMMUNITY | Montrose SE |
COUNTY | Montrose | STATUS | Active |
PROPERTY TYPE(S) | Single Family |
Elementary School | Johnson K-5 |
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Jr. High School | Centennial 6-8 |
High School | Montrose 9-12 |
ADDITIONAL DETAILS | |
AIR | Central Air |
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AIR CONDITIONING | Yes |
APPLIANCES | Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer |
AREA | Montrose SE |
BASEMENT | Crawl Space |
CONSTRUCTION | Stucco, Wood Siding |
HEAT | Forced Air, Heat Pump, Natural Gas |
INTERIOR | Eat-in Kitchen |
LOT | 3485 sq ft |
LOT DESCRIPTION | Corner Lot |
SEWER | Public Sewer |
STORIES | 2 |
STYLE | Bungalow |
SUBDIVISION | Loutsenhizer Addn |
TAXES | 1219.68 |
UTILITIES | Cable Available, Natural Gas Available |
WATER | Public |
ZONING | Residential Single Family |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Real Colorado Properties
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2025. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
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Fair Housing DisclaimerThis data was last updated: 9/18/25 5:17 PM PDT
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