see adendum Multiple Addresses- See Adendum

    Durango, CO 81301
    • $2,600,000
    • STATUS: Active
    • ON SITE: 37 days
    • MLS #: 751507
    $2,600,000
    • 0
      BEDS
    • 2
      ACRES
    • 12
      BATHS
    • 2
      1/2 BATHS
    • 10,460
      SQFT
    • $249
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Listing courtesy of Keller Williams Realty Southwest Associates, Llc.


    Description

    Rare opportunity to purchase 5 in-town Durango residential rental properties. These properties were carefully selected over a period of years based on: condition, location, appreciation and return of investment. Now, this fleet of rentals is being offered in it's entirety. This is a perfect listing for the real estate investor (or investment group) seeking the safety of a hand selected portfolio of single family and duplex residential rental properties with a good return on investment and appreciation rate, without:...the expenditure of time waiting for individual listings of this quality to appear on MLS, the complexities of 5 separate negotiations, 5 separate closing costs, the uncertainty of higher offers from other Buyers and the brain damage of working with 5 different agents and Sellers. These properties include: 1 duplex, 1 ADU, 1 single family home and 2 townhouses. These 5 properties have all been meticulously maintained, and were purchased for middle end rentals. They have all had a great rental track record with above average appreciation and any vacancy is both short lived and extremely rare. The properties addresses and brief description are as follows: 1. 819 E 5th St. Duplex, built -1997, 6 bedrooms 4 baths, 2,400 SQ FT rental rate is $3,700 per month- tax $1241 per year 2. 160 W. 33rd ST. ADU with 4 bedrooms 2.5 baths, 2,240 SQ Ft, rental rate $3,100 per Month, tax $1,241 per year 3. 2812 W 2nd Ave- townhouse, Built 2001, 4 bedroom 2 bath, 1,745 Sq FT, rental rate is $2,150 per month, tax 1,036 per year 4. 3030 Quasar -Townhouse, built 2004, 3 bedrooms 2.5 baths, 2075 SQ FT, rental rate $2,000 per month, tax- $ 862 per year and HOA $125 per month. 5.145 Pinnacle Place (Skyridge), Single family -built 2011, 3 bedroom 2 bath single story, 1745 Sq FT, rental rate $2,000 per month, tax $1,155 per year.

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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 2018. 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: 2018-11-21T23:56:33.667.
    www.durangomountainrealty.com/homes/88508664

    see adendum Multiple Addresses- See Adendum Durango, CO 81301

    • Price: $2,600,000
    • Status: Active
    • MLS #: 751507
    0
    Beds
    12
    Baths
    2
    ½ Baths
    2
    Acres
    10,460
    SQFT
    $249
    $/SQFT
    Neighborhood:
    Durango In Town
    County:
    La Plata
    Area:
    Durango In Town
    Property Description
    Rare opportunity to purchase 5 in-town Durango residential rental properties. These properties were carefully selected over a period of years based on: condition, location, appreciation and return of investment. Now, this fleet of rentals is being offered in it's entirety. This is a perfect listing for the real estate investor (or investment group) seeking the safety of a hand selected portfolio of single family and duplex residential rental properties with a good return on investment and appreciation rate, without:...the expenditure of time waiting for individual listings of this quality to appear on MLS, the complexities of 5 separate negotiations, 5 separate closing costs, the uncertainty of higher offers from other Buyers and the brain damage of working with 5 different agents and Sellers. These properties include: 1 duplex, 1 ADU, 1 single family home and 2 townhouses. These 5 properties have all been meticulously maintained, and were purchased for middle end rentals. They have all had a great rental track record with above average appreciation and any vacancy is both short lived and extremely rare. The properties addresses and brief description are as follows: 1. 819 E 5th St. Duplex, built -1997, 6 bedrooms 4 baths, 2,400 SQ FT rental rate is $3,700 per month- tax $1241 per year 2. 160 W. 33rd ST. ADU with 4 bedrooms 2.5 baths, 2,240 SQ Ft, rental rate $3,100 per Month, tax $1,241 per year 3. 2812 W 2nd Ave- townhouse, Built 2001, 4 bedroom 2 bath, 1,745 Sq FT, rental rate is $2,150 per month, tax 1,036 per year 4. 3030 Quasar -Townhouse, built 2004, 3 bedrooms 2.5 baths, 2075 SQ FT, rental rate $2,000 per month, tax- $ 862 per year and HOA $125 per month. 5.145 Pinnacle Place (Skyridge), Single family -built 2011, 3 bedroom 2 bath single story, 1745 Sq FT, rental rate $2,000 per month, tax $1,155 per year.
    Exterior Features

    Carport No Lot Dimension Varied Property Attached Yes Stories 2 Water Well No Waterfront YN No

    Interior Features

    Finished Sq Ft 10460 One Quarter Baths 0 Total Offices 0

    Property Features

    Books Available Yes Cam No Current Use Multi-Flex/R & D Desc Of Business Residential Rentals Disclosures Covenants Exchange Trade No Fixtures Included No Gross Scheduled Income 155000 Inventory Included No Lease Included Yes New Construction YN No Owners Association No Possible Property Use Multi-Flex/R & D Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2017 Total Taxes 5822 Type Multi-Use W/Res Variable Rate No Water Rights No

    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 2018. 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: 2018-11-21T23:56:33.667.
     
    Durango Mountain Realty
    PO Box 17000
    Durango CO, 81302
    Listing courtesy of Keller Williams Realty Southwest Associates, Llc.