$1,875,000
$1,875,000
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3140 & 3146 W 3rd Durango, CO 81301
8 Beds
8 Baths
5,120 SqFt
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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