Sold
3140 & 3146 W 3rd
Durango CO, 81301
$1,875,000
$366.21 per sqft
Sold
8 Baths
5,120 sqft
Multi-family
Built in 1996
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 13, 2023
Listed
December 1, 2023
Updated
Map
3140 & 3146 W 3rd
Durango CO, 81301
Interior Features
Total Stories
2
Bathrooms
8 Baths
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
Other Property Details
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 | — |
10/24/2023 | Pending | — |
Courtesy of Keller Williams Realty Southwest Associates, LLC with Joe Clair
Listing Contact: 970-903-9417
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Data last updated on: 12/1/2023