1760 CR 240

Durango, CO, 81301

$3,500,000

$389 per ft²
$3,500,000
$389 per ft²
Active
Active
 - For Sale
baths
9 Baths
carpenters-square
8,980 ft²
property_type
Multi-family
calendar
Built 1986
1760 Florida Road is a rare investment opportunity to own all 10 condos in the 1760 Condominium Development. 1760 Florida Road is a 10 condo complex on .45 acre lot. Each Condo is a 2 bed, 1 bath, 2 story, 898 sf unit. The 10 condos have a low vacancy rate, and the property is well maintained by an attentive and active owner/landlord. All are currently leased, not all leases reflect current market value. There is no HOA, as all ten units and the general common element property are held by the same owner. Could be a great 1031 exchange or alternative investment to bonds. Durango has a strong residential rental market, which should allow new owner the opportunity to increase net operating income. Units could be sold individually as well. All ten condos, general common element property, have their own tax accounts, parcel numbers, and legal descriptions. Taxes represented are a total of all properties. Tenants pay Electric and Gas. Owner pays Water/Sewer/Trash.
MLS® ID:
796530
Listed:
7/25/22
Updated:
8/20/22
Legacy Properties West Sotheby's International Realty
Kayden Hyson

Interior Features

Total Bedrooms
0
Full Bathrooms
9

Exterior/Building Features

Lot Size
0.45 acres lot

School Information

High School
Durango 9-12
Middle/Jr High
Miller 6-8
Elementary School
Riverview K-5

Other Property Details

Area Name
Durango In Town
Taxes
$4087
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
La Plata
Pool
No

 

Courtesy of Coldwell Banker Distinctive Properties 


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Data last updated on: 8/20/22

Legacy Properties West Sotheby's International Realty
Kayden Hyson
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