42570 N Hwy 550

Description

Discover the extraordinary charm of Almostaranch, a unique multi-use property nestled in the breathtaking North Valley of Durango, CO. This stunning estate borders 203 acres of State of Colorado Land and is seamlessly connected to the San Juan National Forest. Its a stones throw from Haviland Lake and Electra Lake, making it a nature lovers paradise. Just a short 10-minute drive away is the renowned Purgatory Resort, along with the Glacier Clubs exceptional golf and fitness center. Here, every adventure awaits"from hiking, biking, and paddleboarding to jeeping and hunting"right in your own backyard! Almostaranch is not only a stunning family residence but also a lucrative income-generating opportunity, currently yielding over $10,000 a month 113k net with the potential to double that revenue. The property includes 4 condos units: three are rented month-to-month, while one operates as a highly profitable VRBO that doubles the income of the monthly rentals, significantly enhancing rental income. Additionally, an old lodge with three apartments, These units serve a much need low rent option for those in The North Valley. These units produce over 4k a month. Most value is in the land, but you could keep them as is or put some limited money into them and gain more rent. The building is old and needs its share of work. Somone may just remove this structure and build a house and gain income that way off 1 unit. Moreover, the main house maintains its privacy from the rental units, making it a serene retreat. The potential here is limitless! Almostaranch has potential to transform into a wedding venue, family retreat, or corporate getaway. Please note that while the investment side of the property can be sold separately, the main residence will not be offered independently. Entire property with main home is listed mls 818630. Don't miss your chance to own this unique property that promises both adventure and income in the stunning outdoors of Durango!