RARE MULTIFAMILY INVESTMENT OPPORTUNITY IN CORTEZ CO! This 4-plex plus an additional ADU is located on a fantastic street in downtown Cortez. The 4-plex generates strong cash flow and is easy to keep rented. The new owner could create a ton of value by potentially redeveloping the back ADU into more units. Each unit is 1bd 1ba. Unit 1 was left vacant to allow for showings. Do not miss this prime multi family investment opportunity! Call me today for a showing!
Sold cren member
$339,000
307 W Montezuma, Cortez, CO 81321
--beds
2,734sqft
Apartment
Built in 1948
-- sqft lot
$337,900 Zestimate®
$124/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 25, 2025 at 04:44pm
Listed by:
Gina Buchanan 970-799-2133,
The Wells Group of Durango, LLC
Bought with:
Robin Rice, EA948735
eXp Realty, LLC
Source: CREN,MLS#: 821002
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 5
- Full bathrooms: 5
Cooling
- Central Air
Appliances
- Included: Range, Refrigerator
Features
- Flooring: Laminate
- Basement: Crawl Space
Interior area
- Total structure area: 2,734
- Total interior livable area: 2,734 sqft
Property
Parking
- Total spaces: 5
- Parking features: 1 per unit, In Rear of Building, Off Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,098 sqft
Details
- Parcel number: 561126237003
- Zoning description: Live/Work,Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Stucco
- Roof: Composition
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: City Sewer
- Water: City Water
- Utilities for property: Metered for Electricity
Community & neighborhood
Location
- Region: Cortez
- Subdivision: Cortez Original
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved