Durango, CO 81301,275 & 295 Confluence Avenue

$2,495,000

Est. payment /mo

$2,495,000

Est.Price: ?

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275 & 295 Confluence Avenue Durango, CO 81301

4 Beds

16 Baths

8,317 SqFt

SOLD DATE : 09/01/2022

Key Details

Sold Price $2,495,000

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 8,317 sqft

Price per Sqft $299

Subdivision Three Springs

MLS Listing ID 793001

Sold Date 09/01/22

Bedrooms 4

Full Baths 8

Three Quarter Bath 8

Year Built 2009

Annual Tax Amount $6,630

Tax Year 2022

Lot Size 0.280 Acres

Acres 0.28

Property Description

This is a great investment opportunity to own two fourplex apartments (8 total units) in the heart of the Three Springs Community. These eight apartments are all currently rented. They offer two different floor plans with 896 square feet on the first floor and 928 square feet on the second floor. Each unit features two bedrooms, two full baths, a washer/dryer, appliances, fire sprinklers, and a private rear patio/deck. The units have been well maintained with new carpet and paint in between tenants, a perfect turn key investment. Additionally each unit is separately metered for gas and electric, and the both roofs were replaced in 2021. They are located in the Three Springs community just six miles east of downtown Durango. Three Springs features restaurants, a gym, offices, a convenience store, access to trails, Mercy Regional Medical Center, and more. There are a plethora of activities and events here as well as public transportation to downtown and just eight miles from Durango – La Plata County Airport. Connected to the Grandview/Three Springs development area there is a large number of businesses providing conveniences to all of the residents.

Location

State CO

County La Plata

Zoning Residential Multi Family

Interior

Flooring Carpet, Vinyl

Furnishings Unfurnished

Building

Story Two Story

Sewer City Water, District Sewer

Water City Water, District Sewer

New Construction No

Schools

Elementary Schools Florida Mesa K-5

Middle Schools Escalante 6-8

High Schools Durango 9-12

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Colorado Real Estate Network (CREN) + Sold
Listed by The Wells Group of Durango, Inc.
agent

Linette Nye Schmidt

Broker Associate | License ID: FA.100086260

+1(719) 588-1636

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