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    510 E 8th Street

    Durango, CO 81301
    • $569,000
    • STATUS: Active
    • ON SITE: 29 days
    • MLS #: 770647
    UPDATED: 57 min ago
    $569,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 2,112
      SQFT
    • $269
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1893
    County:

    School Information

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


    Description

    EXCELLENT INVESTMENT OPPORTUNITY IN HISTORICAL DOWNTOWN DURANGO, COLORADO! Diversify your portfolio here, and earn a total of $3,345 per month ($40,140 per year) in rental income from this DUPLEX. Property taxes are only at $1460 for 2020. Excellent purchase for consistent rental income and appreciation for your future. This duplex comprised of a 3-bedroom, 1 bath unit is leased at $1850/month); and a 2-bedroom, 1 bath unit is leased at $1350/month, and a 1-detached car garage (20x24) is leased at $195/month. All are leased out and the property is never vacant. Located on E 8th Street and 5th Ave in one of Durangos most sought after downtown neighborhoods; it is an ideal location, and attracts long term tenants. The residence is located in the heart of downtown Durango, just a few blocks from the world class galleries, dining and shops. Additionally, the home enjoys nearby access to trail systems, parks, the Animas River and all outdoor recreation offered in beautiful Durango. This unique property has an interesting history; originally built in 1893, the residence was built for one of Durango's first doctors. The main unit has 3 bedrooms and one bath. The kitchen, dining area and bathroom were updated with tile flooring and cabinets. From the covered porch you enter into the parlor. The parlor, living room and upstairs all have hardwood floors. All of the bedrooms have nice sized closets. The main unit has a large storage area in the basement as well. The second one level unit has two bedrooms and one bath. There is a sliding glass door from the living room to a fenced backyard area that is great for entertaining. The dining area has a nice built-in table and bench. A small loft is also located just off the dining area for an extra storage. Additionally, the property features a spacious 20x24 detached garage. This is a great deal on a historic Durango Duplex!

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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 2020. 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: 2020-07-11T11:56:30.98.
    www.durangomountainrealty.com/homes/106747071
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    510 E 8th Street Durango, CO 81301

    • Price: $569,000
    • Status: Active
    • Updated: 57 min ago
    • MLS #: 770647
    0
    Beds
    2
    Baths
    0
    ½ Baths
    0.09
    Acres
    2,112
    SQFT
    $269
    $/SQFT
    1893
    Built
    Neighborhood:
    Not Applicable
    County:
    La Plata
    Area:
    Durango In Town
    Elementary School:
    Park K-5
    Middle School:
    Escalante 6-8
    High School:
    Durango 9-12
    Property Description
    EXCELLENT INVESTMENT OPPORTUNITY IN HISTORICAL DOWNTOWN DURANGO, COLORADO! Diversify your portfolio here, and earn a total of $3,345 per month ($40,140 per year) in rental income from this DUPLEX. Property taxes are only at $1460 for 2020. Excellent purchase for consistent rental income and appreciation for your future. This duplex comprised of a 3-bedroom, 1 bath unit is leased at $1850/month); and a 2-bedroom, 1 bath unit is leased at $1350/month, and a 1-detached car garage (20x24) is leased at $195/month. All are leased out and the property is never vacant. Located on E 8th Street and 5th Ave in one of Durangos most sought after downtown neighborhoods; it is an ideal location, and attracts long term tenants. The residence is located in the heart of downtown Durango, just a few blocks from the world class galleries, dining and shops. Additionally, the home enjoys nearby access to trail systems, parks, the Animas River and all outdoor recreation offered in beautiful Durango. This unique property has an interesting history; originally built in 1893, the residence was built for one of Durango's first doctors. The main unit has 3 bedrooms and one bath. The kitchen, dining area and bathroom were updated with tile flooring and cabinets. From the covered porch you enter into the parlor. The parlor, living room and upstairs all have hardwood floors. All of the bedrooms have nice sized closets. The main unit has a large storage area in the basement as well. The second one level unit has two bedrooms and one bath. There is a sliding glass door from the living room to a fenced backyard area that is great for entertaining. The dining area has a nice built-in table and bench. A small loft is also located just off the dining area for an extra storage. Additionally, the property features a spacious 20x24 detached garage. This is a great deal on a historic Durango Duplex!
    Exterior Features

    Acreage Range Less Than 1/2 Carport No Garage Yes Garage Type Detached Garage Property Attached No Property Description Corner Roof Metal Siding Wood Stories Two Story Street Description City/Town Water Well No Waterfront YN No

    Interior Features

    Appliance Inclusions Range/OvenRefrigerator Fireplace Free StandingLiving Room Flooring CarpetTileWood Heating Fuel Source Space Heater One Quarter Baths 0 Total Office Dens 0 Unit1 Baths 1 Unit1 Bedrooms 3 Unit1 Square Feet 1399 Unit2 Baths 1 Unit2 Bedrooms 2 Unit2 Square Feet 712

    Property Features

    Green Certification No Hoa No Horse Setup No Metered Metered For ElectricityMetered For GasMetered For Water Multi Story Yes New Construction YN No Reo Lender Owned No Tax Year 2020 Terms CashConventional Total Taxes 1460 Type Duplex Unit1 Monthly Rent 1800 Unit2 Monthly Rent 1350 Water Rights No Water Sewer City 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 2020. 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: 2020-07-11T11:56:30.98.
     
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    Durango Mountain Realty
    PO Box 17000
    Durango CO, 81302
    Listing courtesy of Re/Max Pinnacle.