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Listing Courtesy of: Scott Kurlander - Keller Williams Realty Southwest Associates, LLC

$550,000

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72 SUTTLE "A" #1 (AKA "A" ) Street Durango, CO 81303

Office Residence

Beds

2 Baths

... Bed/Bath

3,332 Sq. Ft.

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Last updated on 11/30/2024 7:57 PM

Listing Details

72 Suttle Street Condo "A" (aka #1) is a 3332 sq ft professional office on the 2nd level (with two sets of stairs for access) located in the Bodo Industrial Park multi-unit commcercial building. Good investment with rent increasing every year, plus secured by a long term lease for $2,500.00 per mon...th Triple Net until December 31, 2024 with a option to renew. There are 8 private, around a open area, with two 1/2 bathrooms and storage closets. The "Triple Net" gross income increases 3% annually on January 1st of each year. Designated Handi-cap parking in front of condo with plenty of non designated parking spaces onsite, and high speed internet access. Priced below the cost of construction the owners want to provide 3rd party seller financing terms to a qualified purchaser, with 20% downpayment, at a 6% interest rate, amortized over 20 years, and service by an escrow company. Safe long term investment in a quality Class "A" Building with many professional businesses offered at below market interest rate. Continue reading

MLS#

814262

Property Type

Office

Bathrooms

2 Half

Year Built

2000

Square Feet

3,332 sq. ft

Price per Sq. Ft.

$165.07