574 E 2nd Avenue Bldg , Unit

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Active Durango, CO 81301 MLS# 798434 Listed by Todd Sieger on 09/23/2022
$819,900
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Multi-Family Property Type
0 Bedroom
1 Bathroom
0 Garage
2195 Sq Ft
0.00 Acres
1908 Year Built

Overview

All units are now rented at market value, making this an incredible investment opportunity in downtown Durango! This property is an incredibly rare find with six studio units just a block away from Main Avenue. There are very few residential units this close to Main Avenue, and rarely do properties like this come on the market. the units had been vastly under rented in the past as rents had not been increased in several years and were not reflective of the current market value, but the owner has spent the past several months increasing the rents as the units came vacant, and now all units are rented at market rate making this a very viable investment. Don't miss this opportunity to own a cash flowing property in an unbeatable location!

New Home Sales Hours

Courtesy Of Coldwell Banker Distinctive Properties
Source: CREN MLS

View On CREN MLS

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    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective
    Basement Details
    • Basement?
    • Basement
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 2,195
    • Living Area, Finished
    • Above grade, Finished
    • Basement, Finished
    • Basement, Unfinished
    • PSF Total $373.53
    • PSF Finished $
    • PSF Above Grade $
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances Oven,Refrigerator
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions
    • Flooring Linoleum
    • Furnished Unfurnished
    • Interior Features
    • Laundry Availability
    • Security Features
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms: 6
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms:
    More Room Details

    Unit Information

    Summary

    • Number of Units
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features
    Single Unit Details

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location
    • Faces
    • Horse Amenities
    • Horse Property N
    • Levels Multi/Split
    • Stories
    • Structure Type
    • Unit Floor #
    • View
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture Victorian
    • Construction Materials
    • Foundation Details
    • Roof
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features
    • Fencing Fenced
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0
    • Lot Size Dimensions
    • Lot Size SqFt
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access Public Road
    • Road Responsibility
    • Road Surface

    Parking/Garage

    Parking Space Summary

    • Parking Features
    • Total Parking Spaces 0
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces
    • Total Reserved Spaces
    • Total RV Spaces
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling
    • Green Energy Efficient
    • Heating
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available
    • Water Source Public
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) No
    • HOA Fee Includes
    • Total Annual HOA Fees $
    1st HOA
    • HOA
    • Type
    • Fee $0.00
    • Phone
    • Total Annual Fee $
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $
    • Website
    Restrictions & Covenants
    • Pets Allowed
    • Rentals Allowed
    • Restrictions
    • Restrictions Other
    • Restrictions/Covenants?

    Financial Considerations

    Summary

    • Cap Rate
    • Cap Rate Calculation
    Actual expense details
      Commission Information
      • Buyer Agency Compensation
      • Transaction Broker Compensation
      • Compensation Offered
      • Dual Variable Compensation
      • Commission Modified
      • Closing Comments
      Income details
      • Actual Annual Net Income $
      • Gross Income $
      • Income Includes
      • Income Includes Description
      Landleasing details
      • Land Lease Amount
      • Land Lease Amount Frequency
      • Land Lease?
      Projected
      • Other Annual Income $
      • Potential Rental Income Annual $
      • Projected Annual Expense $
      • Projected Annual Net Income $
      • Projected Gross Income $
      • Projected Gross Operating Income $
      • Projected Gross Scheduled Income $
      • Vacancy Credit Losses
      Tax details
      • Annual Tax $1,427
      • Legal Description
      • Tax Exemptions
      • Tax ID 566529308001
      • Tax Year 2021
      Other
      • Tenant Pays
      • Utilities Metering
      • Utilities Paid By Tenant

      Neighborhood

      Summary

      • Building Name
      • Development Name
      • Park Name
      • Senior Community
      • Subdivision Not Applicable
      New Home Community
      • Community Description
      • Community MLS #
      • Community Name
      • Community Opening
      • Community Website
      • Current Promotions
      • Development Status
      • Directions from Agent Main to College to 2nd Ave across from East by Southwest.
      • Move In Date
      • New Home Available Options
      • New Home Land MLS #
      • New Home Plan MLS #
      Zoning Details
      • Current Use
      • Incorporated?
      • Zoning Residential Multi Family
      • Zoning Jurisdiction

      Other

      Business Details
      • Business Amenities
      • BusinessDescription
      • BusinessType
      • Year Established
      History
      • Original List Price $
      Partial Ownership Details
      • Partial Ownership Amount
      • Week Remarks
      • Weeks Available
      Other
      • Home Warranty
      • Ownership
      • Possession
      • Special Listing Conditions
      • Year Built 1908

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      School Zone

      District:
      Schools: Park K-5 Elementary School, Durango 9-12 High School, Miller 6-8 Middle School

      Area Map

      Walk Score

      Bike Score

      Bike Score

      0 description
      Transit Score

      Transit Score

      0 description summary
      Walk Score

      Walk Score

      0 description
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