Improved Land for Sale in Montrose, Colorado

Debra Harmon, 20 Sleeps West Real Estate, C:,,: 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 broker for additional information.