2263 W 3rd Avenue

Durango, CO 81301

About this property

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.)

Date Added
June 10, 2019
Listing Status
Deleted
Days On Site
184
MLS#
758762

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
MultiFamily
Style
Sub-Type
Resale
Year
1977
Garage
0
Pool
No
Story(s)
Property View
No
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$895,000 Deleted
0 Beds
0 Baths
5,385 SQFT

Presented By Coldwell Banker Distinctive Properties, Montrose

Get in touch today! Phone: (970) 249-2449
Brokerage
Montrose
(970) 249-2449
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Area Information

Durango In Town | La Plata County |

$ 895,000
This listing is play_arrow 106.9% higher than the average in the area
$ 432,500 in the area
5,385 SqFt
This listing is play_arrow 1182.1% larger than the average in the area
420 SqFt in the area
$ 166 $/SqFt
This listing is play_arrow 35.4% less than the average in the area
$ 257 $/SqFt in the area
184 days on site
This listing is play_arrow 4.5% above the average in the area
176 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School

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