2263 W 3rd Avenue
Durango, CO 81301

Description

Bringing in a potential $6,200/month or $74,400 gross rents at 100% occupancy, this 5 unit apartment complex has a cap rate of 7.6% in Durango, CO! Looking for an investment opportunity in Durango's tight rental market? Or live above the 4 units in the 4BR home/2BA unit and rent the other 4 units for $4,200/month, this 5 Unit Multi-Family Income property a few blocks from Main/550 and is located within walking distance of all schools, Rec Center, Grocery stores, liquor stores, Animas River Trail, the Public library, bike & hike trails, medical facilities, shopping, etc... Fully leased, this property offers four 2 bedroom/1 bath units and one 4 bedroom/2 bath unit. There is off-street parking for both the front and rear of the property as well as private storage closets for each unit. Current rental income is $72,600.00/yr (4 X $1,050 and 1 X $2,000/month or $6,050/mo or $72,600/year gross.)

Details

MLS#758765
Sub-TypeResale
StatusActive
Year1977
Days On Site73

Features

SQ Feet5,385
Units5

Market Activity 81301

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Area Information

StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango In Town
Listing VS Median (in 81301)
Price:
$895,000
low | high
Med:
$429,000
100% of Average
SqFt:
5,385
low | high
Med:
1,644
100% of Average
$ / SqFt:
$166
low | high
Med:
$261
7.006687599396% of Average
On Site:
73
low | high
Med:
44
100% of Average
Listing Updated: 08/22/2019
MLS Number: 758765
Listing Provided By:
Joe DiGiacomo  of  RE MAX Pinnacle



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