802 N Park Ave
Montrose, CO 81401
3
Bedrooms
2
Bathrooms
1,464
Sq Ft
1913
Year Built
About This Property
SELLER FINANCING IS AVAILABLE WITH JUST 10% DOWN AT 6% INTEREST AND CAN CLOSE IN 10-15 DAYS!!! Or, you can choose your own FAVORITE LENDER! This 1464sf home is a functional-fixer with tremendous potential! Move-in, get to work and cash-out within a year - or, just make it 'your home' for years to come! Large 40' X 145' (6300sf) lot with room to build a 2-car garage and/or an ADU for potential rental income! Recently removed 50 years of accumulated debris and demolished the 'unsightly' out-buildings and replaced with a wind-and-water-tight 20' X 8' shipping container to store equipment, materials and use as a workshop during renovations. Shipping container is NOT included in price. Price will increase as minor repairs and upgrades take place - so get it while it's still cheap! Slightly smaller house next door sold for $400K in 2024! $317,000 MINUS $31,700 DOWN PAYMENT $285,300 LOAN AMOUNT AT 6% INTEREST FOR 30 YEARS $1,710 MONTHLY... CHEAPER THAN RENT! SHOWN BY APPOINTMENT ONLY TO BUYERS WHO CAN PROVE THEY ALREADY HAVE THE DOWN PAYMENT OR HAVE ALREADY BEEN PRE-APPROVED BY THEIR LENDER.
Property Details
Property Type
Single Family
Year Built
1913
HOA
None
Listed Price
$317,000
Owner Financing Terms
Why Owner Financing?
- ✓ No bank qualifying
- ✓ Bad credit OK
- ✓ Fast closing
- ✓ Flexible terms
Free account - No credit card required
Frequently Asked Questions About Owner Financing in Montrose
What is owner financing for 802 N Park Ave?
Owner financing means the seller of 802 N Park Ave acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Montrose, CO is available with owner financing terms.
Do I need good credit for owner financing?
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
How much is the down payment for this Montrose home?
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Montrose property.