27 unit apartment complex. Original designation was hotel/motel. Converted use over time to longer term rentals. Assessed as RES LND MULTI 9 + - 1125. Current ownership purchased in 2022 and has done extensive remodeling, repairs, new roof, significant electrical upgrades/repairs. Priced at a 6 cap. Great Durango Commercial Investment. Your tenants will enjoy the great in town location convenient to downtown, shops, restaurants, Fort Lewis College, Horse Gulch mountain biking and miles of hiking
- 1076 Animas View Drive Durango, CO 81301 Two updated units. One exceptional opportunity. Located in the heart of the Animas Valley within Durango city limits, this duplex sits along the historic Durango & Silverton Narrow Gauge Railroad corridor on a shaded 0.19-acre lot with mature trees and a spacious backyard. 2200 Sq/ft total - Each side offers approximately 1,100 square feet with 2 bedrooms and 1 bathroom - significantly larger than many competing two-bedroom rentals in the Durango market. Recent improvements include fresh interior and exterior paint, new carpet, a new deck, and a newly paved asphalt driveway and parking area. Solid concrete-block construction and gas forced-air heat provide durability and low-maintenance ownership. The value proposition is simple: *Investment Property:* Rent both units for an estimated $3,700 to $4,000 per month based on current market rents. *House Hack:* Live in one unit while the second unit helps offset a substantial portion of your monthly payment. *Future Single-Family Home:* With minimal modifications, the property can function as a 4-bedroom, 2-bath residence, creating flexibility as your needs evolve. Comparable two-bedroom rentals throughout Durango are leasing between $1,900 and $2,500 per month. These units offer more square footage, recent updates, and a highly desirable location. Just minutes from the Animas River Trail, downtown Durango, restaurants, shopping, and recreation, this property combines immediate income potential with long-term flexibility in one of Southwest Colorado's most competitive rental markets. Whether you're looking to invest, occupy, or reposition for the future, opportunities like this are increasingly difficult to find. **Note - Window in upstairs kitchen is being replaced, window on order.
Excellent location close to downtown and Fort Lewis College. Fenced back yard and off street parking in the alley. Tenants pay all utilities.
A North Main Rarity: Iconic Multi-Use Property with Unmatched Potential. This 1,914 sq. ft. southwestern-style building, originally a single-family residence and currently serving as an office, offers exceptional potential for conversion into a multi-family property. The site is zoned multi-use arterial, with a duplex and townhomes among the approved uses; prospective owners should consult with a city planner to verify specific use transitions. Situated on a half-acre lot, the property features professional landscaping and extensive paved parking. Every detailâ??from the inviting gas fireplace to the immaculate exteriorâ??demonstrates decades of dedicated maintenance, providing a historic and secure foundation for your future legacy in Durango.
The 32nd Street Collective, Agave Group's latest Durango community, presents an exceptional opportunity for discerning investors. This fourplex features four sleek, two-bedroom, two-bath residences with contemporary finishes and exceptional efficiency. Each unit boasts all-electric systems, ductless units, bespoke cabinetry, vinyl plank flooring, plush carpeted bedrooms, quartz countertops, stainless appliances, and private storage. Residents can enjoy easy access to the Animas River Trail, artisanal bakeries, grocery stores, and local eateries. As part of an 11-unit development, owners can lease units on a 30-day or longer basis, capitalizing on Durango's strong rental market. This is an exceptional opportunity to own a brand-new fourplex in a wonderful pocket neighborhood conveniently located in the heart of town. "Some photos of this listing may include virtually staged amenities, furniture or fixtures."
ATTENTION INVESTORS: Opportunities to acquire a cash-flowing, turn-key multifamily asset with gross income of $6,400 per month ($3,600/mo North Unit; $2,800/mo South Unit) are increasingly rare in-town. This well-maintained duplex features no HOA restrictions, long term or 30-day minimum rental for maximum strategy flexibility, and a $50,000 capital improvement upgrade in 2024 that includes new luxury vinyl plank flooring, fresh interior paint, updated lighting, new blinds, new toilets, some new windows, and upgraded appliances (new dishwashers, refrigerator, and dryer). Boasting low CapEx risk, the property also features new main roofs from 2019 and new carport roofs from 2024. The expansive 2,448 sq ft North Unit (4 BR/3.5 BA with a 2004 addition) and the highly rentable 1,440 sq ft South Unit (3 BR/2.5 BA) both enjoy east-facing decks with sweeping Animas River Valley views, a shared view-centric backyard with views of the mountains, dedicated carport parking, and outdoor storage sheds. Situated in a premier, zero-vacancy location just half a block from the Animas Mountain Trailhead, three blocks from the Animas River, a few blocks to North City Market, and a short drive to downtown Durango, Ft. Lewis College, Purgatory Ski Resort, this asset is primed for flexible investment options.
HISTORIC DOWNTOWN DURANGO INVESTMENT AND DEVELOPMENT OPPORTUNITY. Situated on a 9375 SF lot, enjoy easy access to the Animas River trail, Santa Rita park, hiking/biking trails, and the lively Durango Main Street with numerous restaurants and shops. With the current 1,668 SF duplex on the property, the City of Durango has approved an additional 3 units (total of 5) to be built on this multi-family lot with a ratio allotment of an additional 2550 SF of improvements. MAIN HOUSE. The main house boasts 3BR/2BA with many upgrades and remodel work by the current owner. RECENTLY NEW APPLIANCES. Remodel/upgrade work includes new wiring installation, meter, and panel. The oak floors were refinished with new trim and offer warmth and historic charm. In addition, the primary bathroom has been redone starting with the new tiled floor and much more. Other updates include custom built closets/cabinetry in the primary bedroom, guest bedroom and kitchen, new attic insulation, new hot water heater, replaced piping, new toilets, and new sub flooring in the bathrooms. A new deck with side access was added. Newly painted both inside and out! ATTACHED APARTMENT. This adorable 1BD/1BA unit has been updated and includes a brand new deck with side entry. This is a great source of supplemental income for an owner wishing to use the main house as a primary residence. GAZEBO AND HOT TUB. The owner has built a lovely gazebo in the back of the property to house a new hot tub in a private setting. EXTERIOR. Brand new paved driveway. Each unit has a yard, one parking space and plenty of off-street parking. The list of work done is extensive. Some of these include roof repairs, foundation repointing, some window replacements, new backyard fence and parking, new shed, and drainage work. The sewer line was cleaned, re-shaped, and includes a new blue liner. A Special Use Permit to operate a Multi-Unit Property in the EN-MF zone will need to be obtained by the new owner if additional units are built. With high demand for housing, particularly in town. Buyer to investigate on any development guidelines with the City of Durango. THIS IS A RARE OPPORTUNITY!
This is a rare opportunity. Own a Victorian house in the heart of downtown Durango that includes a separate ADU. In total, this is a triplex, with three units and longtime tenants located close to all of the downtown amenities. SUCH AN AMAZING INVESTMENT! Live in the property and enjoy the supplement income. Each unit has been well cared for. They all have separate yards. Always maintained by the Seller. All units are 1 BR/ 1BA with a washer and dryer. They are adorable and low-maintenance. The property has historical charm as well as convenient access and parking. There have been many updates as well as. All tenants have a separate yard and mature landscaping/trees. This is a seasoned investment property with active leases. Please call for more information.
RARE opportunity to own a multi- family property on 4.1 acres with 400 feet of peaceful ANIMAS RIVER FRONTAGE! Directly downstream from Purple Cliffs Gold Medal fishing. Held by the same family for decades, this property is ideal for a private residence, generational living, passive income, 1031/721 exchange needs and has upside through rent increase to current market levels. Recent investments of approximately $40,000 include a new roof, exterior paint and a new river walkway.This well maintained property is fully rented and boasts a very strong rental history.Three separate buildings contain 9 seperate, individually metered dwelling units. Two studio apartments, four one bedroom apartments, a two bedroom apartment, a two bedroom house and a three bedroom house.Plus there is an 880 Sq. ft. shop building Enjoy tranquil, secluded living along the ANIMAS RIVER located just five miles south of historic downtown Durango.Tenants and owners can sit outsid eand enjoy the relaxing sounds that only a river front property offers. Don't miss this rare combination of versatility acreage, river frontage and location.
Versatile duplex property located along North Main Avenue! This property offers a multitude of opportunities from the 1031 Exchange investor who would like to keep current tenants in place, to someone seeking to utilize the Main Avenue frontage for commercial or mixed use, to a complete redevelopment opportunity on a large 12,500 sq ft lot. Currently the property offers a generous parking lot, with the house hosting a main level 3-bedroom, 1 full bath rental, and lower level unit with an additional 3 bedrooms and 3/4 bath. The two rentals can be rented as one home, or separately with lock-off access, individual kitchens in place, and a shared back laundry room, accessible from both units. There is a non-conforming studio space on the north side. Great location just blocks away from Animas Mountain trailhead, Durango's Recreation Center, the Animas River Trail and River launch point, and walking distance to grocery stores and dining options.
Great opportunity for investors or for buyers looking for a large 2 story home downtown on the grid! Current configuration consists of two units, with the larger 1268 sf unit downstairs, and the smaller 704 unit upstairs. Downstairs there are 2 bedrooms, an office and one full bath, with a living room adjoining the dining room, which adjoins the large kitchen. Unit 1 has a bedroom in front, just off the living room, with the other bedroom and office in the back of the house, which opens to an enclosed back porch for storage and a huge fenced backyard. Unit 2 has a separate fenced side entrance to the staircase leading up to the unit. Here you will find a cozy 2 bedroom, 1 bath apartment. Both units have wood and tile flooring. There is a low maintenance metal roof, two storage sheds, and room to add off-street parking, with potential to add an additional unit or two to maximize your investment, subject to City of Durango guidelines and approval. The property borders the Parkside Terrace townhomes, and the upstairs unit is currently leased. There is so much potential here to add to an already great property in downtown Durango, in walking distance to the Animas River, Santa Rita Park, the dog park, and trails up to Fort Lewis College.
Durango is located in Colorado. Durango, Colorado has a population of 18,953. Durango is less family-centric than the surrounding county with 26.66% of the households containing married families with children. The county average for households married with children is 29.94%.
The median household income in Durango, Colorado is $68,550. The median household income for the surrounding county is $75,089 compared to the national median of $69,021. The median age of people living in Durango is 36.5 years.
The average high temperature in July is 86.2 degrees, with an average low temperature in January of 12 degrees. The average rainfall is approximately 18.3 inches per year, with 67.4 inches of snow per year.
