$1,699,000
$1,699,000
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3150 W 2nd Avenue Durango, CO 81301
12 Baths
8,029 SqFt
Key Details
Sold Price $1,699,000
Property Type Multi-Family
Sub Type Apartment Bldg.
Listing Status Sold
Purchase Type For Sale
Square Footage 8,029 sqft
Price per Sqft $211
Subdivision Animas City
MLS Listing ID 788288
Sold Date 12/31/21
Full Baths 5
Three Quarter Bath 7
Year Built 1956
Annual Tax Amount $2,925
Tax Year 2020
Lot Size 0.340 Acres
Acres 0.34
Property Description
Uptown Durango, facing W 2nd Ave! Long time tenants plus multiple smaller units and large garage attached to with apt above. Summary: 12 units plus a 4 car sized garage with a 2 car door and electricity, not currently rented. Gross rents are $13,245 includes: 6-Studios (1/2 fridge and mw oven) $895/mo 1-1BR/1BA (full kitchen) $1,195/mo 5-2BR/1BA (full kitchens) $1,295/mo Expenses are: W/S/T, Elect, Gas, Cable, Taxes & Insurance: $2,560/month Net is $10,685 or 6.28% cap rate. Two of the 12 units are recently turned over and vacant so numbers above are based on 100% occupancy. All rooms have new carpet, paint and windows, some appliances except 2 long term tenants have not been remodeled. Trash and cable are shared with adjacent property owner at this time.
Location
State CO
County La Plata
Interior
Furnishings Unfurnished
Exterior
Garage Attached Garage
Garage Spaces 4.0
Waterfront No
Building
New Construction No
Schools
Elementary Schools Needham K-5
Middle Schools Miller 6-8
High Schools Durango 9-12
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