Skip To Content

1760 Cr 240

Durango, CO 81301
  • $3,500,000
  • STATUS: Active
  • ON SITE: 129 Days
  • MLS #: 796530
UPDATED: 52 min ago
$3,500,000
  • 0
    BEDS
  • 0.45
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 8,980
    SQFT
  • $390
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1986
County:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of Coldwell Banker Distinctive Properties: 970-259-3333.


Description

1760 Florida Road is a rare investment opportunity to own all 10 condos in the 1760 Condominium Development. 1760 Florida Road is a 10 condo complex on .45 acre lot. Each Condo is a 2 bed, 1 bath, 2 story, 898 sf unit. The 10 condos have a low vacancy rate, and the property is well maintained by an attentive and active owner/landlord. All are currently leased, not all leases reflect current market value. There is no HOA, as all ten units and the general common element property are held by the same owner. Could be a great 1031 exchange or alternative investment to bonds. Durango has a strong residential rental market, which should allow new owner the opportunity to increase net operating income. Units could be sold individually as well. All ten condos, general common element property, have their own tax accounts, parcel numbers, and legal descriptions. Taxes represented are a total of all properties. Tenants pay Electric and Gas. Owner pays Water/Sewer/Trash.

Monthly Payment Calculator

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 2022. 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: 2022-12-03T18:56:25.007.
www.durangomountainrealty.com/homes/131277453
Print Image

1760 Cr 240 Durango, CO 81301

  • Price: $3,500,000
  • Status: Active
  • On Site: 129 Days
  • Updated: 52 min ago
  • MLS #: 796530
0
Beds
9
Baths
0
½ Baths
0.45
Acres
8,980
SQFT
$390
$/SQFT
1986
Built
Neighborhood:
None
County:
La Plata
Area:
Durango In Town
Elementary School:
Riverview K-5
Middle School:
Miller 6-8
High School:
Durango 9-12
Property Description
1760 Florida Road is a rare investment opportunity to own all 10 condos in the 1760 Condominium Development. 1760 Florida Road is a 10 condo complex on .45 acre lot. Each Condo is a 2 bed, 1 bath, 2 story, 898 sf unit. The 10 condos have a low vacancy rate, and the property is well maintained by an attentive and active owner/landlord. All are currently leased, not all leases reflect current market value. There is no HOA, as all ten units and the general common element property are held by the same owner. Could be a great 1031 exchange or alternative investment to bonds. Durango has a strong residential rental market, which should allow new owner the opportunity to increase net operating income. Units could be sold individually as well. All ten condos, general common element property, have their own tax accounts, parcel numbers, and legal descriptions. Taxes represented are a total of all properties. Tenants pay Electric and Gas. Owner pays Water/Sewer/Trash.
Exterior Features

Carport No Garage No Property Attached No Water Well No Waterfront YN No

Interior Features

One Quarter Baths 0 Total Office Dens 0

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 2022 Total Taxes 4087 Type Other Water Rights No

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 2022. 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: 2022-12-03T18:56:25.007.
 
https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_2_796530-2.jpg https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_2_796530-2.jpg https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_2_796530-2.jpg
Logo
Durango Mountain Realty
PO Box 17000
Durango CO, 81302
Listing courtesy of Coldwell Banker Distinctive Properties: 970-259-3333.