574 E 2nd Avenue
About this property
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!
About this property
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!
Features and Additional Information
Presented By Todd Sieger, commercial,residential
With Coldwell Banker Distinctive Properties
Area Information
Durango In Town | La Plata County | Not Applicable
Schools in the Area
-
turned_in
Elementary SchoolPark K-5
-
turned_in
Middle SchoolMiller 6-8
-
turned_in
High SchoolDurango 9-12
Want to See More Listings in the Area?
Brokerage: Coldwell Banker Distinctive Properties