Residential Income in Durango

$2,900,000

26814 US HWY 160, 81303, Durango, CO

Residential Income for sale in Durango, 26814 US HWY 160, 81303

26814 US HWY 160, 81303, Durango, CO

$2,900,000

Type: Residential Income

Description

RARE opportunity to own a multi- family property on 4.1 acres with 400 feet of peaceful ANIMAS RIVER FRONTAGE! Directly downstream from Purple Cliffs Gold Medal fishing. Held by the same family for decades, this property is ideal for a private residence, generational living, passive income, 1031/721 exchange needs and has upside through rent increase to current market levels. Recent investments of approximately $40, 000 include a new roof, exterior paint and a new river walkway.This well maintained property is fully rented and boasts a very strong rental history.Three separate buildings contain 9 seperate, individually metered dwelling units. Two studio apartments, four one bedroom apartments, a two bedroom apartment, a two bedroom house and a three bedroom house.Plus there is an 880 Sq. ft. shop building Enjoy tranquil, secluded living along the ANIMAS RIVER located just five miles south of historic downtown Durango.Tenants and owners can sit outsid eand enjoy the relaxing sounds that only a river front property offers. Don't miss this rare combination of versatility acreage, river frontage and location.

Location

26814 US HWY 160, 81303, Durango, CO

Data

Object TypeResidential Income
Purchase Price$2,900,000
Living Space0 m²
Plot Size16875.41 m²
BathroomsN/A
Construction Year1963
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeElectric, Propane
Primary Energy SourceN/A
Construction Year1963
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent