$4,750,000

4.2± Acres

Active

La Plata County, CO

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1255 County Road 207, Durango, Colorado

MLS ID: 817484

Status: Active

Price: $4,750,000

Acres: 4.2±

Type: Development, Commercial

Address: 1255 County Road 207

City, State: Durango, CO

County: La Plata County

ZIP Code: 81301

Lat/Long: 37.288327, -107.880923

Parcel Number: 566115100074

Listed by: Erin Eicher of Re/max Pinnacle

Bathrooms: 9

SqFt: 8,111

Year Built: 2019

Description

This 4.2-acre mountain contemporary estate in Durango, Colorado, offers an exceptional opportunity for investors focused on maximizing rental income, including short term rental potential. With two remodeled duplexes generating $79,560 annually and a luxurious 5,299 sq. ft. main home designed for high-end rentals, this property delivers immediate and significant income potential. The main home, built in 2019, is fully furnished and features self-contained floors ideal for multi-family stays, premium vacation rental listings, or large group rentals. With mountain views, a creekside custom patio with a fire pit, and ample outdoor event space and parking, this property is positioned to attract vacationers. Located just 10 minutes from downtown Durango and adjacent to national forest and BLM land, the property is a destination for outdoor enthusiasts. In addition to the strong rental income, the property includes a pond, she-shed, and a large detached garage with a workshop. With its established income stream, versatile facilities, and prime location, this property is a rare turnkey investment in Durango’s thriving tourism market. Whether you are considering a 2nd home with income potential, or an investment purchase with strong cash on cash return, you will want to seize this opportunity to own. Short term rental projections for the main home are estimated at $150K- $200K/year, with potential to double rental income for the duplexes if an owner wanted to rent the duplexes units nightly as well. Live…Play…Invest…

Additional Information

Interior

Basement (Yes/no): Yes

Basement: Finished, Walk Out Access

Bathrooms Half: 1

Bathrooms Full: 8

Building Area Total: 8,111

Cooling (Yes/no): Yes

Cooling: Central Air

Fireplace (Yes/no): Yes

Flooring: Carpet, Tile, Wood

Furnished: Partially

Heating (Yes/no): Yes

Heating: Forced Air, Fireplaces, Propane, Wood, Wood Stove

Exterior

Exterior Features: Propane Tank Leased

Foundation Details: Basement, Concrete Perimeter

Inclusions: Furniture, Propane-Tank Leased

Irrigation Water Rights (Yes/no): Yes

Lot Features: Adjacent To Public Land, Adjacent To Open Space, Easement

Lot Size Dimensions: 874' x 222' x 786' x 293'

Roof: Architectural, Shingle

Stories: 2

Water Source: Well

Waterfront: Yes

Waterfront Features: Creek, Pond

Financial/HOA/Schools

Days On Market: 3

Tax Annual Amount: 4403.4

Extra Information

Disclosures: Easements, Seller Disclosure

Documents Available: Aerial, Easements, Legal Description

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Jake Hubbell

Hotchkiss, Colorado

(970) 250-9396

Interested? Contact Us Today About This Listing

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Listed By: Erin Eicher of Re/max Pinnacle

1255 County Road 207, Durango, Colorado

Description

Additional Information

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Jake Hubbell

Interested? Contact Us Today About This Listing

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