Durango, CO 81301,3140 & 3146 W 3rd

$1,875,000

Est. payment /mo

$1,875,000

Est.Price: ?

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3140 & 3146 W 3rd Durango, CO 81301

8 Beds

8 Baths

5,120 SqFt

SOLD DATE : 11/30/2023

Key Details

Sold Price $1,875,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

Square Footage 5,120 sqft

Price per Sqft $366

Subdivision Animas City

MLS Listing ID 808687

Sold Date 11/30/23

Bedrooms 8

Full Baths 4

Half Baths 4

Year Built 1996

Annual Tax Amount $4,847

Tax Year 2023

Lot Size 0.390 Acres

Acres 0.39

Property Description

Welcome to your next income-producing investment in the heart of scenic Durango, Colorado! This meticulously maintained four-plex offers an exceptional opportunity for savvy investors seeking a solid addition to their portfolio. With three of the units currently generating between $1,800 (1) and $2,000 (2) each in monthly rent and the fourth unit ready for occupancy or customization, this property is primed to attract long-term tenants and generate consistent rental income. The grounds are well kept, the home is spacious and in a consistently cared for condition and the opportunity for growth in rental rate is evident. Consult with City of Durango Planning at assess opportunities for additional rent creation. The property sits well below the current Floor Are Area and Lot Coverage Ratio Thresholds allowing for expansion in use. Tremendous walk score and easy access, as this property is conveniently close to the North City Market and the scenic river trail, making it a sought-after location for tenants.

Location

State CO

County La Plata

Zoning Residential Multi Family

Interior

Furnishings Unfurnished

Exterior

Parking Features Attached Garage

Garage Spaces 9.0

Building

Story Two Story

Sewer City Sewer, City Water

Water City Sewer, City Water

New Construction No

Schools

Elementary Schools Riverview K-5

Middle Schools Miller 6-8

High Schools Durango 9-12

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Colorado Real Estate Network (CREN) + Sold
Listed by Keller Williams Realty Southwest Associates, LLC

Linette Nye Schmidt

Broker Associate | License ID: FA.100086260

+1(719) 588-1636

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