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72 Suttle "C" Street , #3 (Aka "C" )

Durango, CO 81303
  • $290,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 814255
UPDATED: 89 min ago
$290,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 2
    1/2 BATHS
  • 951
    SQFT
  • $305
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2000
County:

School Ratings & Info

Listing courtesy of Keller Williams Realty Southwest Associates, LLC: 970-247-3840.


Description

72 Suttle Street Condos is a 951 sq ft professional office on the main level (with no stairs for access) located in the Bodo Industrial Park multi-unit commcercial building. Good investment with rent increasing every year, plus secured by a professional medical office long term lease to Colorado Testing Services. Currently for leased for $1,060.00 per month Triple Net until December 31, 2025 with a option to renew. Office is a drug testing facility with 1/2 bath and very nice finish. The 2023 $12,720 per year "Triple Net" gross income increases 3% annually on January 1st of each year. Designated Handi-cap parking in front of condo with plenty of non designated parking spaces onsite, and high speed internet access. Priced below the cost of construction the owners want to provide 3rd party seller financing terms to a qualified purchaser, with 20% downpayment, at a 6% interest rate, amortized over 20 years, and service by an escrow company. Safe long term investment in a quality Class "A" Building with many professional businesses offered at below market interest rate.

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[Colorado Real Estate Network] logo 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 2024. 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: 2024-06-16T13:56:52.417.
www.durangomountainrealty.com/homes/151216349
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72 Suttle "C" Street , #3 (Aka "C" ) Durango, CO 81303

  • Price: $290,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 89 min ago
  • MLS #: 814255
0
Beds
0
Baths
2
½ Baths
N/A
Acres
951
SQFT
$305
$/SQFT
2000
Built
Neighborhood:
Durango In Town
County:
La Plata
Area:
Durango In Town
Property Description
72 Suttle Street Condos is a 951 sq ft professional office on the main level (with no stairs for access) located in the Bodo Industrial Park multi-unit commcercial building. Good investment with rent increasing every year, plus secured by a professional medical office long term lease to Colorado Testing Services. Currently for leased for $1,060.00 per month Triple Net until December 31, 2025 with a option to renew. Office is a drug testing facility with 1/2 bath and very nice finish. The 2023 $12,720 per year "Triple Net" gross income increases 3% annually on January 1st of each year. Designated Handi-cap parking in front of condo with plenty of non designated parking spaces onsite, and high speed internet access. Priced below the cost of construction the owners want to provide 3rd party seller financing terms to a qualified purchaser, with 20% downpayment, at a 6% interest rate, amortized over 20 years, and service by an escrow company. Safe long term investment in a quality Class "A" Building with many professional businesses offered at below market interest rate.
Exterior Features

Lot Dimension na Parking Paved Parking Spaces 4 Stories 1 Street Description City/TownPaved Water Well No Waterfront YN No

Interior Features

Cooling yes Finished Sq Ft 951 Heating Fuel Source Natural Gas Loading Dock No Office Sq Ft 951 One Quarter Baths 0

Property Features

Books Available No Cam Yes Cap Rate Percent 4.4 Covenants YES Current Business Medical Testing Service Current Use General Office Desc Of Business Drug Testing Fixtures Included No Gross Scheduled Income 12720 Inventory Included No Lease Included Yes Monthly Cam Charges $290.75 Monthly Insurance Charges included Net Operating Income 12720 New Construction YN No Oa Fees tbd Oa Fees Frequency Monthly Oa Name Suttle Street Condominum Owners Association Owners Association Yes Possible Property Use Professional/Medical Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2024 Total Gas Meters 1 Total Taxes 1572.72 Type Office Vacancy Factor Prcnt 0 Variable Rate Yes Water Rights No Zoning Type Commercial

[Colorado Real Estate Network] logo 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 2024. 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: 2024-06-16T13:56:52.417.
 
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Durango Mountain Realty
PO Box 17000
Durango CO, 81302
Listing courtesy of Keller Williams Realty Southwest Associates, LLC: 970-247-3840.