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350 E 8th Avenue

Durango, CO 81301
  • $4,350,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 818459
UPDATED: 44 min ago
$4,350,000
  • 0
    BEDS
  • 0.51
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,350
    SQFT
  • $465
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of eXp Realty, LLC: .


Description

Welcome to an exceptional investment opportunity in the heart of Durango, CO, a rare find in a town with limited apartment complexes. This 29-unit apartment complex offers significant upside potential, including the opportunity to increase rents. The majority of the units have been recently remodeled, featuring stylish, modern updates that tenants desire. Each remodeled unit boasts contemporary kitchens with new cabinetry, countertops, and appliances. Freshly updated bathrooms, new flooring, and modern paint palettes provide a sleek, inviting atmosphere. The property is designed to appeal to todays renters while offering long-term investment growth. With its prime location on the grid in Durango, the complex is located walking distance to grocery stores, shopping, laundry mat, horse gulch for mountain biking and hiking, and Fort Lewis collage. This apartment complex offers not only immediate income potential but also the possibility of future value appreciation. Dont miss this rare chance to own in a thriving market with room to grow.

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-12-13T14:56:38.47.
www.destinationdro.com/homes/156234659
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350 E 8th Avenue Durango, CO 81301

  • Price: $4,350,000
  • Status: Active
  • On Site: 71 Days
  • Updated: 44 min ago
  • MLS #: 818459
0
Beds
0
Baths
0
½ Baths
0.51
Acres
9,350
SQFT
$465
$/SQFT
1948
Built
Neighborhood:
None
County:
La Plata
Area:
Durango In Town
Elementary School:
Park K-5
Middle School:
Escalante 6-8
High School:
Durango 9-12
Property Description
Welcome to an exceptional investment opportunity in the heart of Durango, CO, a rare find in a town with limited apartment complexes. This 29-unit apartment complex offers significant upside potential, including the opportunity to increase rents. The majority of the units have been recently remodeled, featuring stylish, modern updates that tenants desire. Each remodeled unit boasts contemporary kitchens with new cabinetry, countertops, and appliances. Freshly updated bathrooms, new flooring, and modern paint palettes provide a sleek, inviting atmosphere. The property is designed to appeal to todays renters while offering long-term investment growth. With its prime location on the grid in Durango, the complex is located walking distance to grocery stores, shopping, laundry mat, horse gulch for mountain biking and hiking, and Fort Lewis collage. This apartment complex offers not only immediate income potential but also the possibility of future value appreciation. Dont miss this rare chance to own in a thriving market with room to grow.
Exterior Features

Acreage Range .5 - .99 Carport No Garage No Parking 20+ Total SpacesConcreteOff StreetPaved Property Attached No Stories One Story Street Description City/Town Style Garden/Low Rise Apts Water Well No Waterfront YN No

Interior Features

Appliance Inclusions Range TopRange/OvenRefrigerator Flooring Vinyl Heating Fuel Source ElectricElectric Baseboard One Quarter Baths 0 Total Office Dens 0

Property Features

Covenants NO Green Certification No Hoa No Horse Setup No Metered Metered for ElectricityMetered for GasMetered for Water Multi Story No New Construction YN No Reo Lender Owned No Tax Year 2024 Terms 1031 ExchangeCashConventionalOther Total Taxes 5844.32 Type Apartment Bldg. Water Rights No Water Sewer City SewerCity Water Zoning Residential Multi Family

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-12-13T14:56:38.47.
 
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Destination DRO Real Estate Group
1163 E 2nd Ave
Durango CO, 81301-5155
Listing courtesy of eXp Realty, LLC: .