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$ 27,000,000
Est. payment | /mo
96 Beds
90,000 SqFt
$ 27,000,000
Est. payment | /mo
96 Beds
90,000 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 90,000 sqft
Price per Sqft $300
MLS Listing ID 840019
Bedrooms 96
Tax Year 2026
Lot Size 13.330 Acres
Acres 13.33
Property Sub-Type Other
Property Description
RARE $27 MILLION OPPORTUNITY ZONE MULTIFAMILY INVESTMENT — 96 PROPOSED RESIDENTIAL UNITS IN MONTROSE, COLORADO! An exceptional opportunity for qualified investors, developers, and investment groups seeking a substantial new-construction multifamily development within a currently designated Qualified Opportunity Zone. This TO-BE-BUILT residential community proposes approximately 90,000 square feet encompassing 96 apartments, including 24 one-bedroom units, 48 two-bedroom/two-bath units, and 24 three-bedroom/two-bath units. Planned features include stainless-steel appliances, in-unit washers and dryers, natural-gas heating, central air conditioning, private decks, individually metered utilities, and carport parking. Strategically positioned on a highly visible corner site across from an elementary school and conveniently located near downtown Montrose, this development offers the potential for long-term residential rental income, operational efficiencies, and asset appreciation. Of particular interest is the property's current Opportunity Zone location, which may provide significant federal capital-gains tax advantages for eligible investors through a properly structured qualifying investment. An outstanding opportunity to explore the development of a sizable multifamily asset in Western Colorado's regional hub. Offered at $27,000,000. TO BE BUILT. Development details and Opportunity Zone tax eligibility are subject to verification. Contact the listing broker for additional information.
Location
State CO
County Montrose
Interior
Furnishings Unfurnished
Building
New Construction Yes
Schools
Elementary Schools Johnson K-5
Middle Schools Centennial 6-8
High Schools Montrose 9-12
Listed by 20 Sleeps West Real Estate
Nearby Locations
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Blue Pitcher Lindner
Broker-Owner Lic# ER100068668