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33405 N Hwy 550

Durango, CO 81301
  • $1,000,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 794256
UPDATED: 46 min ago
$1,000,000
  • 0
    BEDS
  • 0.75
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,680
    SQFT
  • $595
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1968
County:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of Blackmore Group.


Description

Very rare opportunity to own a turn-key profitable Short Term rental in the beautiful Hermosa area, with no HOA. Only 20 minutes from downtown Durango as well as the Purgatory Ski Resort! This La Plata county duplex functions as two legal short term rentals, built and cared for by local owners. Property boasts; storage, temperature controlled office, 1 share of Animas Valley irrigation which will be transferred upon sale, and sprawling mountain views. If STRs arent for you, house-hack the property while living in one unit and renting the other. The two units in the home have both been updated in the past five years (lower in 2019, top in 2021) with fresh flooring, trim, paint, custom cabinets, and modern stainless steel appliances including a Viking Stove and brand new washers and dryers. Truly a move in ready space! Upstairs: Short term rented since September 2021 37 reviews, 94.3% 5 star ratings, 4.94 average rating 69.1% Occupancy Rate, 170 Nights Booked, 115 Nights Blocked, 76 Unbooked 13.7% Cancellation Rate, 5.6 Night Average Length of Stay, 20.8 Day Average Booking Lead Time $151 Average Nightly Rate Downstairs: Long term rented 2018-19 for $900/night including utilities Rented short term since May 2019 186 reviews, 94.3% 5 star ratings, 4.94 average rating 74.2% Occupancy Rate, 239 Nights Booked, 41 Nights Blocked, 83 Unbooked Nights. 17.5% Cancellation Rate, 2.5 Night Average Length Of Stay, 18.5 Day Average Booking Lead Time, 1% returning guests, $147 Average Nightly Rate. Earning potential on the STR is $70,000.00+ Per Year!! The property is situated on .75 landscaped acres featuring a 40ft high cube zircon storage unit, 200square foot temperature controlled office, fenced and irrigated garden, and several fruit trees including apricot and apples. Three pre-made gravel pads can potentially be used for future greenhouse structures, recreation or other creative endeavors. In a perfect location you are 6 miles to Glacier Club, and 3 miles from Trimble Hot Springs, this is the perfect spot to catch the more than 1/2 million tourists a year that visit the beautiful valley. No lack of detail went into this property when it was updated, beautiful designs and features that have allowed the owners to remain super hosts with incredible reviews and multiple return clients. With a stunning view of the valley from the door steps, this home has the track record of selling itself to renters and will only continue to do so! Don't miss out on this amazing opportunity.

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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 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: 2022-07-05T17:57:28.473.
www.durangomountainrealty.com/homes/129449313
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33405 N Hwy 550 Durango, CO 81301

  • Price: $1,000,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 46 min ago
  • MLS #: 794256
0
Beds
2
Baths
0
½ Baths
0.75
Acres
1,680
SQFT
$595
$/SQFT
1968
Built
Neighborhood:
Other
County:
La Plata
Area:
Durango Mountain Area
Elementary School:
Animas Valley K-5
Middle School:
Miller 6-8
High School:
Durango 9-12
Property Description
Very rare opportunity to own a turn-key profitable Short Term rental in the beautiful Hermosa area, with no HOA. Only 20 minutes from downtown Durango as well as the Purgatory Ski Resort! This La Plata county duplex functions as two legal short term rentals, built and cared for by local owners. Property boasts; storage, temperature controlled office, 1 share of Animas Valley irrigation which will be transferred upon sale, and sprawling mountain views. If STRs arent for you, house-hack the property while living in one unit and renting the other. The two units in the home have both been updated in the past five years (lower in 2019, top in 2021) with fresh flooring, trim, paint, custom cabinets, and modern stainless steel appliances including a Viking Stove and brand new washers and dryers. Truly a move in ready space! Upstairs: Short term rented since September 2021 37 reviews, 94.3% 5 star ratings, 4.94 average rating 69.1% Occupancy Rate, 170 Nights Booked, 115 Nights Blocked, 76 Unbooked 13.7% Cancellation Rate, 5.6 Night Average Length of Stay, 20.8 Day Average Booking Lead Time $151 Average Nightly Rate Downstairs: Long term rented 2018-19 for $900/night including utilities Rented short term since May 2019 186 reviews, 94.3% 5 star ratings, 4.94 average rating 74.2% Occupancy Rate, 239 Nights Booked, 41 Nights Blocked, 83 Unbooked Nights. 17.5% Cancellation Rate, 2.5 Night Average Length Of Stay, 18.5 Day Average Booking Lead Time, 1% returning guests, $147 Average Nightly Rate. Earning potential on the STR is $70,000.00+ Per Year!! The property is situated on .75 landscaped acres featuring a 40ft high cube zircon storage unit, 200square foot temperature controlled office, fenced and irrigated garden, and several fruit trees including apricot and apples. Three pre-made gravel pads can potentially be used for future greenhouse structures, recreation or other creative endeavors. In a perfect location you are 6 miles to Glacier Club, and 3 miles from Trimble Hot Springs, this is the perfect spot to catch the more than 1/2 million tourists a year that visit the beautiful valley. No lack of detail went into this property when it was updated, beautiful designs and features that have allowed the owners to remain super hosts with incredible reviews and multiple return clients. With a stunning view of the valley from the door steps, this home has the track record of selling itself to renters and will only continue to do so! Don't miss out on this amazing opportunity.
Exterior Features

Acreage Range .5 - .99 Approx Irrig Acres 0.25 Carport No Garage No Lot Dimension .756 Parking 2-10 Total SpacesPaved Property Attached No Property Description FoothillsGolf Course NearOtherWooded Roof Metal Siding Wood Stories Two Story Street Description State Highway Style ContemporaryOther Views MountainsStream/RiverValley Water Well No Waterfront YN No

Interior Features

Appliance Inclusions DishwasherDryerMicrowaveOtherRange/OvenRefrigeratorWasher Cooling Evaporative CoolerOther Dining Eat-In KitchenKitchen/Dining Flooring TileVinyl Foundation Basement SlabBasement-Below GradeBasement-FinishedConcreteInsulatedPermanent Heating Fuel Source Boiler 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 2021 Terms CashConventional Total Taxes 1224.32 Type Duplex Water Rights Yes Water Sewer City WaterSeptic Year Remodeled 2021 Zoning Live/WorkOtherResidential 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 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: 2022-07-05T17:57:28.473.
 
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Durango Mountain Realty
PO Box 17000
Durango CO, 81302
Listing courtesy of Blackmore Group.