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    1/2 BATHS
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Listing Details

Status
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MLS #
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Neighborhood
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Type
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Built
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County
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School Information

Elementary School
Middle School
High School
Listing courtesy of Gregg Donaldson Independent Broker.


Description

Location. Location. Location. This Duplex is located on one of the most ideal lots in downtown Durango --- just minutes from the world class restaurants on Main Avenue and near the Nature Trail / Sky Steps. Enjoy walking to the neighborhood grocery store or the downtown food court! The Victorian style home is a legal duplex with separately metered utilities and access. Each unit was completely renovated in 2015 and has all the environmental remediation paperwork completed. Rents are currently under market with value add potential. Proforma scheduled gross income potential of $49,200/year and a proforma NOI of $46,939. Current leases expire on September 1, 2022. The lot has superior alley and off-street parking and includes an existing artist cabin in the backyard for extra secure storage. Enjoy a solid 6% cash on cash return while the land appreciates due to it's solid downtown location.

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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 2021. 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: 2021-09-19T16:56:22.023.
www.durangomountainrealty.com/homes/121417216
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835 E 6th Avenue Durango, CO 81301

  • Price: $890,000
  • Status: Active
  • Updated: 14 min ago
  • MLS #: 786863
0
Beds
2
Baths
0
½ Baths
0.17
Acres
1,928
SQFT
$462
$/SQFT
1880
Built
Neighborhood:
City Of Durango
County:
La Plata
Area:
Durango In Town
Elementary School:
Park K-5
Middle School:
Escalante 6-8
High School:
Durango 9-12
Property Description
Location. Location. Location. This Duplex is located on one of the most ideal lots in downtown Durango --- just minutes from the world class restaurants on Main Avenue and near the Nature Trail / Sky Steps. Enjoy walking to the neighborhood grocery store or the downtown food court! The Victorian style home is a legal duplex with separately metered utilities and access. Each unit was completely renovated in 2015 and has all the environmental remediation paperwork completed. Rents are currently under market with value add potential. Proforma scheduled gross income potential of $49,200/year and a proforma NOI of $46,939. Current leases expire on September 1, 2022. The lot has superior alley and off-street parking and includes an existing artist cabin in the backyard for extra secure storage. Enjoy a solid 6% cash on cash return while the land appreciates due to it's solid downtown location.
Exterior Features

Acreage Range Less Than 1/2 Carport No Garage No Parking 2-10 Total SpacesCommonGravelIn Rear Of BuildingOff StreetOn Street Parking Spaces 5 Property Attached No Roof Metal Siding Stucco Stories Two Story Street Description City/Town50'-75' Frontage Style Victorian Water Well No Waterfront YN No

Interior Features

Appliance Inclusions DishwasherDryerRange/OvenRefrigeratorWasher Cooling Window Fan(S)Window Unit(S) Dining Eat-In KitchenKitchen/Dining Fireplace Den/Family RoomLiving Room Flooring CarpetLaminate Foundation Basement Basement-Below GradeBasement-Unfinished Heating Fuel Source Natural Gas Main Sq Ft 1201 Master Bedroom Level Main Level One Quarter Baths 0 Total Office Dens 1 Unit1 Baths 1 Unit1 Bedrooms 2 Unit1 Square Feet 1201 Unit2 Baths 1 Unit2 Bedrooms 1 Unit2 Square Feet 727 Upper Sq Ft 727

Property Features

Cap Rate Percent 5.2 Covenants No Green Certification No Hoa No Horse Setup No Metered Metered For ElectricityMetered For Gas Multi Story Yes New Construction YN No Property Mngr Owner Reo Lender Owned No Tax Year 2021 Terms CashConventional Total Electric Meters 2 Total Gas Meters 2 Total Taxes 1461 Total Water Meters 1 Type Duplex Water Rights No Water Sewer City SewerCity Water Year Remodeled 2015 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 2021. 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: 2021-09-19T16:56:22.023.
 
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Durango Mountain Realty
PO Box 17000
Durango CO, 81302
Listing courtesy of Gregg Donaldson Independent Broker.