1322 Florida Road

    Durango, CO 81301
    • $1,800,000
    • STATUS: Active
    • ON SITE: 162 days
    • MLS #: 737552
    Price Reduced
    UPDATED: 217 min ago
    $1,800,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,816
      SQFT
    • $183
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Information

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

    Description

    This opportunity consists of 12 condo units located in one of the most heavily trafficked areas of Durango, CO. Sunnyslope Condominiums is located near numerous restaurants, shops, public transportation and boasts great walkability to Downtown Durango, the Animas River and many more outdoor amenities. The long-term owner has taken great care of this asset, keeping the vacancy near a minimum and the building well maintained. The asset belongs to an HOA that is $135/Mo/Unit that covers insurance, water, sewer, trash, exterior maintenance, snow removal and landscaping. The building consists of 9-Two Bedroom units & 3-One Bedroom units, all including a full bathroom, kitchen, washer/dryer, range/over and refrigerator. This walk-up, turn-key asset is being offered at $1,950,000 for all 12-units or $1,050,000 for just half of the asset consisting of 6-units (All Two Bedroom units). Currently the asset is under market rent and has room for a new owner to increase rents and boost the Net Operating Income. Each unit is individually deeded, providing a buyer with a great exit-strategy. Please see Offering Memorandum in associated documents and call agent for financials. Dont miss out on this rare opportunity to own an investment property here 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 2018. 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: 2018-02-17T23:56:56.283.
    www.durangomountainrealty.com/homes/76588063

    1322 Florida Road Durango, CO 81301

    • Price: $1,800,000
    • Status: Active
    • Updated: 217 min ago
    • MLS #: 737552
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    9,816
    SQFT
    $183
    $/SQFT
    1990
    Built
    Neighborhood:
    Sunnyslope
    County:
    La Plata
    Area:
    Durango In Town
    Elementary School:
    Riverview K-5
    Middle School:
    Miller 6-8
    High School:
    Durango 9-12
    Property Description
    This opportunity consists of 12 condo units located in one of the most heavily trafficked areas of Durango, CO. Sunnyslope Condominiums is located near numerous restaurants, shops, public transportation and boasts great walkability to Downtown Durango, the Animas River and many more outdoor amenities. The long-term owner has taken great care of this asset, keeping the vacancy near a minimum and the building well maintained. The asset belongs to an HOA that is $135/Mo/Unit that covers insurance, water, sewer, trash, exterior maintenance, snow removal and landscaping. The building consists of 9-Two Bedroom units & 3-One Bedroom units, all including a full bathroom, kitchen, washer/dryer, range/over and refrigerator. This walk-up, turn-key asset is being offered at $1,950,000 for all 12-units or $1,050,000 for just half of the asset consisting of 6-units (All Two Bedroom units). Currently the asset is under market rent and has room for a new owner to increase rents and boost the Net Operating Income. Each unit is individually deeded, providing a buyer with a great exit-strategy. Please see Offering Memorandum in associated documents and call agent for financials. Dont miss out on this rare opportunity to own an investment property here in Durango.
    Exterior Features

    Carport No Garage No Parking 2 Per Unit Property Attached No Roof Composition Siding Brick Stories Three Story Street Description City/Town Style Garden/Low Rise Apts Water Well No Waterfront YN No

    Interior Features

    Appliance Inclusions Range/OvenRefrigeratorWasherDryer Flooring CarpetLaminate Heating Fuel Source Electric Baseboard One Quarter Baths 0 Total Office Dens 0

    Property Features

    Green Certification No Hoa Yes Hoa Name Sunnyslope Condominiums Horse Setup No Metered Metered For Electricity Multi Story Yes New Construction YN No Reo Lender Owned No Tax Year 2016 Terms CashConventional1031 Exchange Total Electric Meters 12 Total Gas Meters 0 Total Taxes 3691 Total Water Meters 1 Type Apartment Bldg. Water Rights No Water Sewer City WaterCity Sewer 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 2018. 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: 2018-02-17T23:56:56.283.
    Durango Mountain Realty
    PO Box 17000
    Durango CO, 81302
    Listing courtesy of The Wells Group Of Durango, Inc..