Danna Schelhaas - Coldwell Banker Distinctive Properties
See Adendum Multiple Addresses- See Adendum
Durango, CO 81301

$2,600,000

Description

Rare opportunity to purchase 5 in-town Durango residential rental properties. These properties were carefully selected over a period of years based on: condition, location, appreciation and return of investment. Now, this fleet of rentals is being offered in it's entirety. This is a perfect listing for the real estate investor (or investment group) seeking the safety of a hand selected portfolio of single family and duplex residential rental properties with a good return on investment and appreciation rate, without:...the expenditure of time waiting for individual listings of this quality to appear on MLS, the complexities of 5 separate negotiations, 5 separate closing costs, the uncertainty of higher offers from other Buyers and the brain damage of working with 5 different agents and Sellers. These properties include: 1 duplex, 1 ADU, 1 single family home and 2 townhouses. These 5 properties have all been meticulously maintained, and were purchased for middle end rentals. They have all had a great rental track record with above average appreciation and any vacancy is both short lived and extremely rare. The properties addresses and brief description are as follows: 1. 819 E 5th St. Duplex, built -1997, 6 bedrooms 4 baths, 2,400 SQ FT rental rate is $3,700 per month- tax $1241 per year 2. 160 W. 33rd ST. ADU with 4 bedrooms 2.5 baths, 2,240 SQ Ft, rental rate $3,100 per Month, tax $1,241 per year 3. 2812 W 2nd Ave- townhouse, Built 2001, 4 bedroom 2 bath, 1,745 Sq FT, rental rate is $2,150 per month, tax 1,036 per year 4. 3030 Quasar -Townhouse, built 2004, 3 bedrooms 2.5 baths, 2075 SQ FT, rental rate $2,000 per month, tax- $ 862 per year and HOA $125 per month. 5.145 Pinnacle Place (Skyridge), Single family -built 2011, 3 bedroom 2 bath single story, 1745 Sq FT, rental rate $2,000 per month, tax $1,155 per year.

Details

MLS#751507
Sub-TypeResale
StatusActive
Days On Site61

Features

SQ Feet10,460
Story(s)2
Units7
Zoningresidential

Market Activity 81301

Loading Form

Loading Form

Area Information

StateCO
CityDurango
Zip Code81301
AreaDurango In Town
Listing VS Median (in 81301)
Price:
$2,600,000
low | high
Med:
$365,000
100% of Average
SqFt:
10,460
low | high
Med:
1,310
100% of Average
$ / SqFt:
$249
low | high
Med:
$279
37.906635349384% of Average
On Site:
61
low | high
Med:
74
82.432432432432% of Average
Listing Updated: 12/15/2018
MLS Number: 751507
Listing Provided By:
Ben Stowers  of  Keller Williams Realty Southwest Associates LLC



The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2017. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to "limited license" rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than 2104:66 contain that company's name.
Fair Housing Disclaimer