One of the best investment properties available in Ouray County, Colorado! Whether you're looking for a strategic landing spot for your 1031 exchange funds or a secure, low-maintenance real estate investment, this turn-key Ouray condo delivers. Ideally located in the heart of downtown Ouray—just behind the ever-popular Timberline Deli—you’re tucked away just enough to enjoy privacy and quiet, yet steps from Main Street, hiking trails, and all the charm the "Switzerland of America" has to offer. Wide steps from the Timberline patio lead you up to a bright and welcoming covered front porch with beautiful western views of the iconic Rock of Ages. Inside, you’ll find a sun-filled living and dining area featuring hardwood floors, a wood-burning stove, and soaring ceilings that create an open, airy feel. The smart layout offers generous space and natural light throughout. Fully remodeled just a few years ago, this two-bedroom, two-bath condo includes a stylish kitchen and modern finishes, making it perfect for full-time living, a weekend getaway, or a live-work setup. It's currently leased to ideal long-term tenants through May 2026, giving you immediate and reliable income. For those seeking short-term rental potential, it may be eligible for STR use pending City of Ouray approval and license availability. Additional highlights include dedicated off-street parking behind the building, plus a private one-car garage (southernmost bay off the alley) for added convenience. The well-managed, small HOA handles exterior maintenance, making this a hassle-free ownership opportunity whether you're local or out of town. Relax on your peaceful back deck and take in breathtaking views of the Amphitheater, especially vibrant during fall’s color change. This rare Ouray condo is move-in ready and ideally suited for year-round living, seasonal retreats, or smart investment income. Don’t miss your chance—schedule your private showing today!