Three Residences.
One extraordinary gated compound.
Immediate cash flow with proven rental income, strong appreciation potential in downtown Ouray, and multiple exit strategies for investors.
Mission Rock Triplex is composed of TWO spacious 3 bedroom / 2 bathroom units in an up/down duplex format, PLUS a charming historic (c.1900) free-standing Cottage.
The upper 3-bedroom has vaulted ceilings and south facing windows and deck looking at Mt. Abrams. Outside of the office loft, all livable square footage is on one level.
At over 2000 livable square feet, the street level 3-bedroom is larger than many houses in town. All livable square footage is on one level,
Flexible use scenarios exist for the new owner --
Today all 3 units are active Short-Term Rentals with STR Licenses from the City of Ouray with actual rental histories on file -- inquire for details with Listing Broker.
The Mission Rock is a complete renvation and historic adaption of one of Ouray's early single-family homes with appurtenant guest house. The original stone walls of the house and the guest house are in use today. The up/down duplex could be refashioned into a 6 bedroom / 4 bathroom single-family house of over 3500 livable square feet.
117 7th Avenue is street-level 3 bed / 2 bath / 2070 s.f.
119 7th Avenue is upper-level vaulted ceiling 3 bed / 2 bath / 1 office loft with a deck / 1454 s.f.
115 7th Avenue is the historic 1 bed / 1 bath / 1 loft / 761 s.f. Cottage.
Premier gated 8200 s.f. corner lot with stone walls.
There are no HOA dues currently. The owners today were the ones who transformed the Mission Rock in 2005, so they don't need to charge themselves HOA dues. If the Mission Rock owner sold off units, those new unit owners could be charged HOA dues to help mitigate monthly expenses.
Call/text/email today to learn more about Mission Rock.
Originally established by miners seeking silver and gold in the surrounding mountains, the town at one time boasted more horses and mules than people. Prospectors arrived in the area in 1875. In 1877, William Weston and George Barber found the Gertrude and Una gold veins in Imogene Basin, six miles south-southwest of Ouray. Thomas Walsh acquired the two veins and all the open ground nearby. In 1897, Walsh opened the Camp Bird Mine, adding a twenty-stamp mill in 1898, and a forty-stamp mill in 1899. The mine produced almost 200,000 ounces of gold by 1902, when Walsh sold out to Camp Bird, Ltd. By 1916, Camp Bird, Ltd., had produced over one million ounces of gold.[12]: 51, 84–86, 91
At the height of the mining, Ouray had more than 30 active mines. The town—after changing its name and that of the county it was in several times—was incorporated on October 2, 1876, named after Chief Ouray of the Utes, a Native American tribe. By 1877 Ouray had grown to over 1,000 in population and was named county seat of the newly formed Ouray County on March 8, 1877.
Wikipedia
115, 117, 119 7th Avenue, Mission Rock Units 1,2,3
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