2263 W 3rd Avenue

    Durango, CO 81301
    • $895,000
    • STATUS: Active
    • ON SITE: 73 days
    • MLS #: 758762
    UPDATED: 31 min ago
    $895,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 5,385
      SQFT
    • $166
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing courtesy of Re/Max Pinnacle.


    Description

    Bringing in a potential $6,200/month or $74,400 gross rents at 100% occupancy, this 5 unit apartment complex has a cap rate of 7.6% in Durango, CO! Looking for an investment opportunity in Durango's tight rental market? Or live above the 4 units in the 4BR home/2BA unit and rent the other 4 units for $4,200/month, this 5 Unit Multi-Family Income property a few blocks from Main/550 and is located within walking distance of all schools, Rec Center, Grocery stores, liquor stores, Animas River Trail, the Public library, bike & hike trails, medical facilities, shopping, etc... Fully leased, this property offers four 2 bedroom/1 bath units and one 4 bedroom/2 bath unit. There is off-street parking for both the front and rear of the property as well as private storage closets for each unit. Current rental income is $72,600.00/yr (4 X $1,050 and 1 X $2,000/month or $6,050/mo or $72,600/year gross.)

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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 2019. 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: 2019-08-23T22:56:26.807.
    www.durangomountainrealty.com/homes/95733091

    2263 W 3rd Avenue Durango, CO 81301

    • Price: $895,000
    • Status: Active
    • Updated: 31 min ago
    • MLS #: 758762
    0
    Beds
    6
    Baths
    0
    ½ Baths
    0.21
    Acres
    5,385
    SQFT
    $166
    $/SQFT
    1977
    Built
    Neighborhood:
    None
    County:
    La Plata
    Area:
    Durango In Town
    Elementary School:
    Needham K-5
    Middle School:
    Miller 6-8
    High School:
    Durango 9-12
    Property Description
    Bringing in a potential $6,200/month or $74,400 gross rents at 100% occupancy, this 5 unit apartment complex has a cap rate of 7.6% in Durango, CO! Looking for an investment opportunity in Durango's tight rental market? Or live above the 4 units in the 4BR home/2BA unit and rent the other 4 units for $4,200/month, this 5 Unit Multi-Family Income property a few blocks from Main/550 and is located within walking distance of all schools, Rec Center, Grocery stores, liquor stores, Animas River Trail, the Public library, bike & hike trails, medical facilities, shopping, etc... Fully leased, this property offers four 2 bedroom/1 bath units and one 4 bedroom/2 bath unit. There is off-street parking for both the front and rear of the property as well as private storage closets for each unit. Current rental income is $72,600.00/yr (4 X $1,050 and 1 X $2,000/month or $6,050/mo or $72,600/year gross.)
    Exterior Features

    Carport No Garage No Parking 10-20 Total Spaces Property Attached Yes Stories Two Story Water Well No Waterfront YN No

    Interior Features

    One Quarter Baths 0 Total Office Dens 0

    Property Features

    Cap Rate Percent 7.64 Elevation 6594 Green Certification No Hoa No Horse Setup No Multi Story Yes New Construction YN No Property Mngr Action Property Mgt Reo Lender Owned No Tax Year 2019 Total Taxes 1843.76 Type Fiveplex Unit1 Monthly Rent 2000 Unit2 Monthly Rent 1050 Unit3 Monthly Rent 1050 Unit4 Monthly Rent 1050 Unit5 Monthly Rent 1050 Vacancy Factor Prcnt 98 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 2019. 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: 2019-08-23T22:56:26.807.
     
    Durango Mountain Realty
    PO Box 17000
    Durango CO, 81302
    Listing courtesy of Re/Max Pinnacle.