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470 Burns

Ignacio, CO 81137
  • $725,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 820261
Price Reduced
UPDATED: 63 min ago
$725,000
  • 0
    BEDS
  • 0.43
    ACRES
  • 6
    BATHS
  • 6
    1/2 BATHS
  • 5,760
    SQFT
  • $126
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of Keller Williams Realty Southwest Associates, LLC: 970-247-3840.


Description

Looking for a solid multi family investment opportunity with room to increase rents and equity? This is it. Offering 6 total units, all 2 bedrooms and 1.5 bathrooms. The apartment is centrally located in Ignacio, walking distance to schools, grocery store, church, etc... The demand for rental units such as this has never been higher in our market place. The exterior was repainted and stucco repaired in 2020. The interiors (5 of 6 units) were all painted in 2020. Sellers have replaced 1 furnace and 2 hot water heaters during their ownership. They have also upgraded 2 units with LVP flooring. Stable income, consistent demand, opportunity to raise rents... investment properties like this one don't come up very often in our Durango area market. Act now!

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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 2025. 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: 2025-02-08T22:56:37.483.
www.destinationdro.com/homes/159191061
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470 Burns Ignacio, CO 81137

  • Price: $725,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 63 min ago
  • MLS #: 820261
0
Beds
6
Baths
6
½ Baths
0.43
Acres
5,760
SQFT
$126
$/SQFT
1973
Built
Neighborhood:
None
County:
La Plata
Area:
Ignacio In Town
Elementary School:
Ignacio K-6
Middle School:
Ignacio 7-8
High School:
Ignacio 9-12
Property Description
Looking for a solid multi family investment opportunity with room to increase rents and equity? This is it. Offering 6 total units, all 2 bedrooms and 1.5 bathrooms. The apartment is centrally located in Ignacio, walking distance to schools, grocery store, church, etc... The demand for rental units such as this has never been higher in our market place. The exterior was repainted and stucco repaired in 2020. The interiors (5 of 6 units) were all painted in 2020. Sellers have replaced 1 furnace and 2 hot water heaters during their ownership. They have also upgraded 2 units with LVP flooring. Stable income, consistent demand, opportunity to raise rents... investment properties like this one don't come up very often in our Durango area market. Act now!
Exterior Features

Carport No Garage No Property Attached No Water Well No Waterfront YN No

Interior Features

One Quarter Baths 0 Total Office Dens 0 Unit1 Baths 1.5 Unit1 Bedrooms 2 Unit1 Square Feet 960 Unit2 Baths 1.5 Unit2 Bedrooms 2 Unit2 Square Feet 960 Unit3 Baths 1.5 Unit3 Bedrooms 2 Unit3 Square Feet 960 Unit4 Baths 1.5 Unit4 Bedrooms 2 Unit4 Square Feet 960 Unit5 Baths 1.5 Unit5 Bedrooms 2 Unit5 Square Feet 960 Unit6 Baths 1.5 Unit6 Bedrooms 2 Unit6 Square Feet 960

Property Features

Cap Rate Percent 6.1 Covenants NO Green Certification No Hoa No Horse Setup No Multi Story Yes New Construction YN No Reo Lender Owned No Tax Year 2023 Total Electric Meters 6 Total Gas Meters 1 Total Taxes 1386.92 Total Water Meters 1 Type Sixplex Unit1 Monthly Rent 760 Unit2 Monthly Rent 775 Unit3 Monthly Rent 825 Unit4 Monthly Rent 850 Unit5 Monthly Rent 850 Unit6 Monthly Rent 775 Water Rights No Year Remodeled 2023

[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 2025. 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: 2025-02-08T22:56:37.483.
 
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Destination DRO Real Estate Group
1163 E 2nd Ave
Durango CO, 81301-5155
Listing courtesy of Keller Williams Realty Southwest Associates, LLC: 970-247-3840.