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$ 725,000
Est. payment /mo
Price Dropped by $25K
562 E 1st Street Durango, CO 81301
4 Beds
2 Baths
1,972 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,972 sqft
Price per Sqft $367
MLS Listing ID 830228
Bedrooms 4
Full Baths 2
Year Built 1931
Tax Year 2025
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Duplex
Property Description
Great opportunity for investors or for buyers looking for a large 2 story home downtown on the grid! Current configuration consists of two units, with the larger 1268 sf unit downstairs, and the smaller 704 unit upstairs. Downstairs there are 2 bedrooms, an office and one full bath, with a living room adjoining the dining room, which adjoins the large kitchen. Unit 1 has a bedroom in front, just off the living room, with the other bedroom and office in the back of the house, which opens to an enclosed back porch for storage and a huge fenced backyard. Unit 2 has a separate fenced side entrance to the staircase leading up to the unit. Here you will find a cozy 2 bedroom, 1 bath apartment. Both units have wood and tile flooring. There is a low maintenance metal roof, two storage sheds, and room to add off-street parking, with potential to add an additional unit or two to maximize your investment, subject to City of Durango guidelines and approval. The property borders the Parkside Terrace townhomes, and the upstairs unit is currently leased. There is so much potential here to add to an already great property in downtown Durango, in walking distance to the Animas River, Santa Rita Park, the dog park, and trails up to Fort Lewis College.
Location
State CO
County La Plata
Zoning Residential Multi Family
Interior
Flooring Carpet, Tile
Inclusions Range/Oven, Refrigerator
Furnishings Unfurnished
Exterior
View Mountains
Roof Type Metal
Building
Story 1.5 Story
Sewer City Sewer, City Water
Water City Sewer, City Water
New Construction No
Schools
Elementary Schools Park K-5
Middle Schools Escalante 6-8
High Schools Durango 9-12
Listed by Wells Group Real Estate
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