1036 & 1038 S 1st Street, Montrose, CO 81403

A truly turnkey investment opportunity in the heart of downtown Montrose! This charming property offers a 2-bedroom, 1-bath 856sf main home plus a 1-bedroom, 1-bath 792sf ADU above a detached 2-car garage. Both come fully furnished—including everything from the furniture to linens and dishes—creating an easy opportunity to live in one and rent the other or add to your investment portfolio immediately! The main home offers great character and comfort with a welcoming covered front porch, hardwood floors, a dedicated dining room, and a thoughtfully updated kitchen and bath. A fully fenced backyard provides private outdoor space and the furnace and water heater, replaced in 2024, as well as the metal roof offer peace of mind. All appliances are included: gas range/oven, refrigerator, dishwasher, microwave, washer, and dryer. The fully furnished ADU provides an inviting retreat with its own full kitchen, ¾ bathroom and an abundance of natural light. An electric range/oven, refrigerator, dishwasher, microwave and stackable washer and dryer are also included. With two separate living spaces, garage storage, and a downtown location convenient to local shops and dining, this property brings together charm, flexibility, and investment potential.