Sold

Closed

3140 & 3146 W 3rd

Durango CO, 81301

$1,875,000


$366.21 per sqft

Sold

Closed

8 Baths

5,120 sqft

Multi-family

Built in 1996

Courtesy of Keller Williams Realty Southwest Associates, LLC with Listing Contact: 970-903-9417 

Welcome to your next income-producing investment in the heart of scenic Durango, Colorado! This meticulously maintained four-plex offers an exceptional opportunity for savvy investors seeking a solid addition to their portfolio. With three of the units currently generating between $1,800 (1) and $2,000 (2) each in monthly rent and the fourth unit ready for occupancy or customization, this property is primed to attract long-term tenants and generate consistent rental income. The grounds are well kept, the home is spacious and in a consistently cared for condition and the opportunity for growth in rental rate is evident. Consult with City of Durango Planning at assess opportunities for additional rent creation. The property sits well below the current Floor Are Area and Lot Coverage Ratio Thresholds allowing for expansion in use. Tremendous walk score and easy access, as this property is conveniently close to the North City Market and the scenic river trail, making it a sought-after location for tenants.

808687

MLS ID

October 14, 2023

Listed

May 9, 2024

Updated

Map

3140 & 3146 W 3rd
Durango CO, 81301

Interior Features

Total Stories

2


Total Bathrooms

8


Full Bathrooms

4


Half Bathrooms

4


Interior Features

Ceiling Fan(s)


Appliances

Dryer, Dishwasher, Oven, Range, Refrigerator, Washer


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.39 Acres


Architectual Style

Fourplex


Sewer

Public Sewer

School Information

High School

Durango 9-12


Elementary School

Riverview K-5

Other Property Details

Area Name

Durango In Town


Taxes

$4,848


Tax Frequency

Annually


Days on Market

48


Garage

Yes


Garage Spaces

9


Parking

Attached, Garage, Paved, On Street


Parking Total

2


View

No


County

La Plata


Water Source

Public


Pool

No

Listing History

Date

Event

Price

11/30/2023

Sold

$1,875,000

10/24/2023

Pending

Courtesy of Keller Williams Realty Southwest Associates, LLC with
Listing Contact: 970-903-9417 


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Data last updated on: 5/9/2024

 

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