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$4,350,000
0.51± Acres
Active
La Plata County, CO

350 8th, Durango, Colorado

MLS ID: 818459
Status: Active
Price: $4,350,000
Acres: 0.51±
Type: Apartment, Multi-Family
Address: 350 8th
City, State: Durango, CO
County: La Plata County
ZIP Code: 81301
Parcel Number: 566529414001
Listed by: Craig Weese of Exp Realty, Llc
Year Built: 1948

Description

Welcome to an exceptional investment opportunity in the heart of Durango, CO, a rare find in a town with limited apartment complexes. This 29-unit apartment complex offers significant upside potential, including the opportunity to increase rents. The majority of the units have been recently remodeled, featuring stylish, modern updates that tenants desire. Each remodeled unit boasts contemporary kitchens with new cabinetry, countertops, and appliances. Freshly updated bathrooms, new flooring, and modern paint palettes provide a sleek, inviting atmosphere. The property is designed to appeal to today’s renters while offering long-term investment growth. With its prime location on the grid in Durango, the complex is located walking distance to grocery stores, shopping, laundry mat, horse gulch for mountain biking and hiking, and Fort Lewis collage. This apartment complex offers not only immediate income potential but also the possibility of future value appreciation. Don’t miss this rare chance to own in a thriving market with room to grow.

Additional Information

Interior

Appliances: Cooktop, Oven, Range, Refrigerator
Building Area Total: 9,350
Flooring: Vinyl
Furnished: Unfurnished
Heating (Yes/no): Yes
Heating: Baseboard, Electric

Exterior

Architectural Style: Garden Apartment
Parking Features: Concrete, Off Street, Paved, Parking Spaces
Road Frontage Type: City Street
Stories: 1
Water Source: Public
Window Features: Window Coverings

Financial/HOA/Schools

Days On Market: 16
Elementary School: Park K-5
Middle School: Escalante 6-8
High School: Durango 9-12
Tax Annual Amount: 5844.32
Zoning Description: Residential Multi Family

Extra Information

Disclosures: Owner Is Listing Agent
Jake Hubbell

Jake Hubbell

Hotchkiss, Colorado

(970) 250-9396

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Listed By: Craig Weese of Exp Realty, Llc