574 E 2nd Avenue , Durango, CO 81301
Durango, CO 81301
Description
All units are now rented at market value, making this an incredible investment opportunity in downtown Durango! This property is an incredibly rare find with 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 had been vastly under rented in the past as rents had not been increased in several years and were not reflective of the current market value, but the owner has spent the past several months increasing the rents as the units came vacant, and now all units are rented at market rate making this a very viable investment. Don't miss this opportunity to own a cash flowing property in an unbeatable location!
Details
| MLS# | 798434 |
|---|---|
| Listing Type | For Sale |
| Style | Town House / Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1908 |
| Days On Site | 718 |
| Listing Provided By | Coldwell Banker Distinctive Properties | Todd Sieger |
Features
| Bath(s) | 6 Total |
|---|---|
| SQ Feet | 2,195 |
| Story(s) | 2 |
| Units | 6 |
| Zoning | Residential Multi Family |
Market Activity 81301
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Learn More About This Property
| State | CO |
|---|---|
| County | La Plata |
| City | Durango |
| Zip Code | 81301 |
| Area | Durango In Town |
| Community Name | Not Applicable |
| School District | Durango 9-12 |
| Elementary School | Park K-5 |
| Middle School | Miller 6-8 |
| High School | Durango 9-12 |
| Listing VS Median (in Not Applicable) | |
Price: $819,900 low | high Med: $1,350,000 SqFt: 2,195 low | high Med: 6,517 $ / SqFt: $374 low | high Med: $233 On Site: 718 low | high Med: 657.500000 | |