$ 895,000
$ est. monthly payment
2263 W 3rd Avenue, DURANGO, CO 81301  
  • 6 baths
  • 5,385 sqft

2263 W 3rd Avenue, DURANGO, CO 81301  

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.)

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  • Listing Type Multi-Family
  • Listing ID 758762
  • Bathrooms 6
  • House Size 5,385 sqft
  • Lot Size 9,148.00 sqft
  • Listing Status Active
  • Year Built 1977
  • County La Plata
  • Full Bath 6
  • Units 5
  • School District 1 Needham K-5
  • School District 2 Miller 6-8
  • School District 3 Durango 9-12
  • Taxes 1843.76
  • TaxYear 2019
Listing courtesy of Joe DiGiacomo~RE/MAX Pinnacle

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  2. Down Payment optional for VA Loans. No PMI is required.

    *This option is for a conforming mortgage. For amounts exceeding $484,350, you may need a jumbo mortgage.

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Sold Info

Date Sold for * Help Change
02/27/2001 $375,000 N/A
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