This is a perfect opportunity for a 'hold then build' type investor, or a builder that's ready to do a multifamily project that starts slow and builds as the units sell. Most local multi-family parcels are much larger-this is a more reasonable size. City of Montrose has given a verbal ok to 17 or 18 units-making the price per door of only 15k! The price has been lowered now substantially and it has become attractive to buyers as a single family homesite--1.75 acres in town with irrigation water--great views. Call agent for more information and to walk the property.
