Active
350 E 8th Avenue
Durango CO, 81301
$4,350,000
$465.24 per sqft
Active
9,350 sqft
Multi-family
Built in 1948
Courtesy of eXp Realty, LLC with Listing Contact: 406-381-8947
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.
818459
MLSⓇ ID
October 2, 2024
Listed
November 22, 2024
Updated
Map
350 E 8th Avenue
Durango CO, 81301
Interior Features
Total Stories
1
Appliances
Cooktop, Oven, Range, Refrigerator
Floor Description
Vinyl
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Baseboard, Electric
Exterior/Building Features
Lot Size
0.51 Acres
Architectual Style
Garden Apartment
Sewer
Public Sewer
School Information
High School
Durango 9-12
Elementary School
Park K-5
Other Property Details
Area Name
Durango In Town
Taxes
$5,844
Tax Frequency
Annually
Days on Market
16
Garage
No
Parking
Concrete, Off Street, Paved, Parking Space(s)
View
No
County
La Plata
Water Source
Public
Pool
No
Courtesy of eXp Realty, LLC with
Listing Contact: 406-381-8947
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Data last updated on: 11/22/2024