101 W. 11th St #108
Durango, CO 81301
970-335-8601
Realtor@WeSellDGO.com

The Alpenglow Team

 

 

Back to Saved Search
Listing 12 out of 500
$895,000 For Sale

2263 W 3rd Avenue
Durango, CO 81301

5 units | Multi Family Home
9148 sq ft lot - MLS# 758762
Property Photo
1/15

Description

Bringing in a potential $6, 200/month or $74, 400 gross rents at 100% occupancy, this 5 unit apartment complex has a cap rate of 7.6% in Durango, CO! Looking for an investment opportunity in Durango's tight rental market? Or live above the 4 units in the 4BR home/2BA unit and rent the other 4 units for $4, 200/month, this 5 Unit Multi-Family Income property a few blocks from Main/550 and is located within walking distance of all schools, Rec Center, Grocery stores, liquor stores, Animas River Trail, the Public library, bike & hike trails, medical facilities, shopping, etc... Fully leased, this property offers four 2 bedroom/1 bath units and one 4 bedroom/2 bath unit. There is off-street parking for both the front and rear of the property as well as private storage closets for each unit. Current rental income is $72, 600.00/yr (4 X $1, 050 and 1 X $2, 000/month or $6, 050/mo or $72, 600/year gross.)

Features

  • Property Type: Multi Family Home
  • Sub Type: Fiveplex
  • Listing Status: Active
  • County/Area: La Plata County
  • Zip Code: 81301
  • Year Built: 1977
  • Elementary School: Needham K-5
  • Middle School: Miller 6-8
  • High School: Durango 9-12
  • Sq.Ft.: 5,385 sq ft
  • Stories: Two Story
  • Units: 5 units
  • Full Baths: 6
  • Lot Size: 9148 sq ft lot
  • Baths: 6
  • Area: Durango In Town
  • Cap Rate Percent: 7.64
  • Elevation: 6594
  • Furnished: Unfurnished
  • Gross Annual Expenses: 6000
  • Gross Scheduled Income: 74400
  • Multi Story: Yes
  • Net Operating Income: 68400
  • Parking: 10-20 Total Spaces
  • Property Attached Y/N: Yes
  • Unit 1 Monthly Rent: 2000
  • Unit 2 Monthly Rent: 1050
  • Unit 3 Monthly Rent: 1050
  • Unit 4 Monthly Rent: 1050
  • Unit 5 Monthly Rent: 1050
  • Vacancy Factor Prcnt: 98
  • Listing Office: Re/Max Pinnacle
Courtesy of Re/Max Pinnacle
Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu