574 E 2nd Avenue

Durango, CO 81301

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

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$819,900 Active
2,195 SQFT

Presented By Todd Sieger, commercial,residential

With Coldwell Banker Distinctive Properties

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Get in touch today! Phone: 1-970-749-5083
License #FA 040018398
Brokerage
Coldwell Banker Distinctive Properties
1-970-259-3333
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Area Information

Durango In Town | La Plata County | Not Applicable

$ 819,900
This listing is play_arrow 0.0% lower than the average in the area
$ 819,900 in the area
2,195 SqFt
This listing is play_arrow 0.0% smaller than the average in the area
2,195 SqFt in the area
$ 374 $/SqFt
This listing is play_arrow 0.0% more than the average in the area
$ 374 $/SqFt in the area
741 days on site
This listing is play_arrow 0.0% below the average in the area
741 days on site in the area

Schools in the Area

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    Elementary School
    Park K-5
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    Middle School
    Miller 6-8
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    High School
    Durango 9-12
Listed By Todd Sieger
Brokerage: Coldwell Banker Distinctive Properties

Schedule a Private Showing

It's free and no obligation

Have Questions? Contact
Todd Sieger
with Coldwell Banker Distinctive Properties