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.
Excellent location close to downtown and Fort Lewis College. Easy to keep rented. Fenced back yard and some off street parking. Priced at a 4.20% cap rate and $348,750/unit. 2023 and 2024 financials are available. Tenants pay all utilities.
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.
