945 N Selig Ave, Montrose, CO 81401

Property Description

NO HOA or Covenants! Prime Development Opportunity Situated on a large .37-acre lot, this 3-bedroom, 1 full bath property offers exceptional redevelopment potential. Convenient in-town location close to shopping, schools, and amenities adds to its long-term value. A new roof has been added to this property Located within the City’s REDO (Redevelopment Overlay) District, this property presents multiple value-add possibilities. Investors may explore adding an ADU (Accessory Dwelling Unit) to increase rental income or consider higher-density redevelopment options such as a duplex or triplex (buyer to verify all intended uses with the city). The existing home has been utilized as a rental property and provides the option to renovate, hold as income-producing property, or redevelop the site. A 6’ x 20’ shed offers additional storage. . Seller has not occupied the property; no Seller’s Property Disclosure will be provided. Property is being sold in its current condition. Strong opportunity for investors seeking land use flexibility and future upside.