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Listing Details

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MLS #
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Neighborhood
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School Information

Elementary School
Middle School
High School
Listing courtesy of The Wells Group Of Durango, Inc..


Description

Live in the heart of Durango in this gorgeous tree-lined neighborhood.Built in 1896, this charming brick Victorian triplex is located on historic 3rd Avenue, where residents enjoy a desirable downtown lifestyle within walking distance to restaurants, shopping, parks and trails,and Fort Lewis College. There are 3 units total in this offering, a 2 bedroom 1 bath unit in front and two 1 bedroom 1 bath units in back, with a detached storage building. The interior of all 3 units has just been freshly painted and were extensively updated in 2004. This property is legally zoned duplex/triplex and has a 37.5 ft. x 100 ft. sized lot. UNIT 1: front facing, ground floor apartment is 615 sq. ft. and has two bedrooms and one bath, with original wood floors, exposed brick and door hardware, retro kitchen, and original tiled fireplace (inoperable). Beautiful picture window faces 3rd Avenue. Rented from $1050 to $1400/month in the past plus gas and electricity. UNIT 2: Entrance in back of home, up 1/2 flight of stairs, 461 sq. ft., one bedroom and one bath, exposed brick walls, cozy kitchen, gas heat. Rented for $950/month plus gas and electric. Unit 3: Entrance in back on top floor of home, 422 sq. ft., one bedroom and one bath, spacious unit with windows on 3 sides. Rented for $975/month plus electric and gas. The partially fenced backyard has mature trees and grass and a small patio area to enjoy the outdoors, with a pedestrian door to the storage/garage building in back. The shared laundry room is located in the basement and is accessible to all units through the back enclosed hallway. Electric meters are separate for each unit.Parking is on 3rd Avenue (on-street) with wide streets and sidewalks.The buyer may be an investor, continuing to lease all 3 units, or the buyer could consider living in one of the units and lease the others as supplemental income. With the high demand for housing, particularly downtown, this property is a rare find and an excellent investmentopportunity to bring the rents up to market value. The units are vacant so the buyer can lease them right away if desired, or a potential buyer might be interested in reconfiguring the property back into a single family home. Great opportunity in one of the most desirable locations in Durango.

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2021. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Durango Mountain Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2021-09-19T16:56:22.023.
www.durangomountainrealty.com/homes/121140515
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1150 E 3rd Avenue Durango, CO 81301

  • Price: $695,000
  • Status: Active Under Contract
  • Updated: 11 min ago
  • MLS #: 786577
0
Beds
3
Baths
0
½ Baths
0.08
Acres
1,498
SQFT
$464
$/SQFT
1896
Built
Neighborhood:
City Of Durango
County:
La Plata
Area:
Durango In Town
Elementary School:
Park K-5
Middle School:
Escalante 6-8
High School:
Durango 9-12
Property Description
Live in the heart of Durango in this gorgeous tree-lined neighborhood.Built in 1896, this charming brick Victorian triplex is located on historic 3rd Avenue, where residents enjoy a desirable downtown lifestyle within walking distance to restaurants, shopping, parks and trails,and Fort Lewis College. There are 3 units total in this offering, a 2 bedroom 1 bath unit in front and two 1 bedroom 1 bath units in back, with a detached storage building. The interior of all 3 units has just been freshly painted and were extensively updated in 2004. This property is legally zoned duplex/triplex and has a 37.5 ft. x 100 ft. sized lot. UNIT 1: front facing, ground floor apartment is 615 sq. ft. and has two bedrooms and one bath, with original wood floors, exposed brick and door hardware, retro kitchen, and original tiled fireplace (inoperable). Beautiful picture window faces 3rd Avenue. Rented from $1050 to $1400/month in the past plus gas and electricity. UNIT 2: Entrance in back of home, up 1/2 flight of stairs, 461 sq. ft., one bedroom and one bath, exposed brick walls, cozy kitchen, gas heat. Rented for $950/month plus gas and electric. Unit 3: Entrance in back on top floor of home, 422 sq. ft., one bedroom and one bath, spacious unit with windows on 3 sides. Rented for $975/month plus electric and gas. The partially fenced backyard has mature trees and grass and a small patio area to enjoy the outdoors, with a pedestrian door to the storage/garage building in back. The shared laundry room is located in the basement and is accessible to all units through the back enclosed hallway. Electric meters are separate for each unit.Parking is on 3rd Avenue (on-street) with wide streets and sidewalks.The buyer may be an investor, continuing to lease all 3 units, or the buyer could consider living in one of the units and lease the others as supplemental income. With the high demand for housing, particularly downtown, this property is a rare find and an excellent investmentopportunity to bring the rents up to market value. The units are vacant so the buyer can lease them right away if desired, or a potential buyer might be interested in reconfiguring the property back into a single family home. Great opportunity in one of the most desirable locations in Durango.
Exterior Features

Acreage Range Less Than 1/2 Carport No Garage Yes Garage Type Detached Garage Lot Dimension 0.086 Acres Parking Off StreetOn Street Roof Architectural Shingles Siding BrickOther Stories Two Story Street Description City/TownPaved Style Victorian Water Well No Waterfront YN No

Interior Features

Appliance Inclusions Range/OvenRefrigerator Common Facilities Laundry Dining Living Room Dining Fireplace Living Room Flooring CarpetLinoleumWood Foundation Basement Basement-Below Grade Heating Fuel Source Natural Gas Main Sq Ft 1076 Master Bedroom Level Main LevelUpper Level One Quarter Baths 0 Total Office Dens 0 Unit1 Baths 1 Unit1 Bedrooms 2 Unit1 Square Feet 615 Unit2 Baths 1 Unit2 Bedrooms 1 Unit2 Square Feet 461 Unit3 Baths 1 Unit3 Bedrooms 1 Unit3 Square Feet 422 Upper Sq Ft 422

Property Features

Covenants No Green Certification No Hoa No Horse Setup No Multi Story Yes New Construction YN No Reo Lender Owned No Tax Year 2020 Terms CashConventional Total Electric Meters 4 Total Gas Meters 2 Total Taxes 1328.68 Total Water Meters 1 Type Triplex Water Rights No Water Sewer City SewerCity Water Zoning Residential Multi Family

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2021. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Durango Mountain Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2021-09-19T16:56:22.023.
 
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Durango Mountain Realty
PO Box 17000
Durango CO, 81302
Listing courtesy of The Wells Group Of Durango, Inc..