$819,900 $4,401 est/mo Sourced by Back At You

574 E 2nd Avenue,Durango, CO 81301

Durango CO, 81301

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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 TypeFor Sale
StyleTown House / Duplex
Sub-TypeResale
StatusActive
Year1908
Days On Site661
Listing Provided ByColdwell Banker Distinctive Properties | Todd Sieger

Features

Bath(s) 6 Total
SQ Feet2,195
Story(s)2
Units6
ZoningResidential Multi Family

Market Activity 81301

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Listings Checked: 3 minutes ago
StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango In Town
Community NameNot Applicable
School DistrictDurango 9-12
Elementary SchoolPark K-5
Middle SchoolMiller 6-8
High SchoolDurango 9-12
Listing VS Median (in Not Applicable)
Price:
$819,900
low | high
Med:
$1,250,000
2.457616782534% of Average
SqFt:
2,195
low | high
Med:
8,500
100% of Average
$ / SqFt:
$374
low | high
Med:
$147
100% of Average
On Site:
661
low | high
Med:
1171.000000
56.447480785653% of Average
Sourced by Back At You
Listing Updated: May 20, 2024 at 7:27:41 PM PDT