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574 E 2nd Avenue

Durango, CO 81301
  • $819,900
  • STATUS: Active
  • ON SITE: 184 Days
  • MLS #: 789450
UPDATED: 47 min ago
$819,900
  • 0
    BEDS
  • N/A
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 2,195
    SQFT
  • $374
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1908
County:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of Coldwell Banker Distinctive Properties.


Description

Incredible investment opportunity in downtown Durango. Six studio units just a block away from Main Avenue. There are very few residential units this close to Main Avenue, and rarely do properties like this come on the market. the units are vastly under rented as rents have not been increased in several years and are not reflective of the current market value. Owner is in the process of raising rents as the units come vacant, although four of the leases are month to month leases, so rents could be easily raised by a new owner. Don't miss this 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: 2022-07-07T08:57:27.067.
www.durangomountainrealty.com/homes/124411060
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574 E 2nd Avenue Durango, CO 81301

  • Price: $819,900
  • Status: Active
  • On Site: 184 Days
  • Updated: 47 min ago
  • MLS #: 789450
0
Beds
6
Baths
0
½ Baths
N/A
Acres
2,195
SQFT
$374
$/SQFT
1908
Built
Neighborhood:
Not Applicable
County:
La Plata
Area:
Durango In Town
Elementary School:
Park K-5
Middle School:
Miller 6-8
High School:
Durango 9-12
Property Description
Incredible investment opportunity in downtown Durango. Six studio units just a block away from Main Avenue. There are very few residential units this close to Main Avenue, and rarely do properties like this come on the market. the units are vastly under rented as rents have not been increased in several years and are not reflective of the current market value. Owner is in the process of raising rents as the units come vacant, although four of the leases are month to month leases, so rents could be easily raised by a new owner. Don't miss this opportunity!
Exterior Features

Acreage Range Less Than 1/2 Carport No Garage No Parking On Street Parking Spaces 0 Stories Two Story Street Description City/Town Style Victorian Water Well No Waterfront YN No

Interior Features

Appliance Inclusions Range/OvenRefrigerator Flooring CarpetLinoleum Heating Fuel Source Natural Gas Main Sq Ft 1267 One Quarter Baths 0 Total Office Dens 0 Upper Sq Ft 928

Property Features

Covenants No Elevation 6500 Green Certification No Hoa No Horse Setup No Multi Story Yes New Construction YN No Property Mngr None Reo Lender Owned No Tax Year 2019 Terms CashConventional Total Electric Meters 1 Total Gas Meters 1 Total Taxes 1291.92 Total Water Meters 1 Type Sixplex Unit1 Monthly Rent 700 Unit2 Monthly Rent 700 Unit3 Monthly Rent 600 Unit4 Monthly Rent 850 Unit5 Monthly Rent 600 Unit6 Monthly Rent 1100 Water Rights No Water Sewer City Water 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 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: 2022-07-07T08:57:27.067.
 
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Durango Mountain Realty
PO Box 17000
Durango CO, 81302
Listing courtesy of Coldwell Banker Distinctive Properties.