350 East 8th Avenue

Durango, CO 81301

$4,350,000
Price
Beds
9,350 Sq. Ft.
$465 / Sq. Ft.
9,350
Sq. Ft.
$465
per Sq. Ft.

Description

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...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.
  1. Listed by Craig Weese • eXp Realty, LLC
  2. Listed by Garth Schultheis • eXp Realty, LLC

Property Details for 350 East 8th Avenue

Water Front
No
Zoning
Residential Multi Family
Subdv Name
None
LISTING UPDATED: 10/18/2024 03:24 PM

Property Details for 350 East 8th Avenue

StatusActive
MLS #818459
Days on Market81
Taxes$5,844 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Apartment Bldg.
Year Built1948
Lot Size0.51 AC / 22,215 SF
CountyLa Plata County

Building Information for 350 East 8th Avenue

Stories1Residences29Year Built1948Building Size-Lot Size0.51 AC / 22,215 SF

Property Information for 350 East 8th Avenue

Summary
Location and General Information
  • Directions: Head east on Collage Dr. Turn Right onto E 8th Ave. The property will be on the left.
Owner
  • Owner Name: 8th Avenue Apts LLC
Parking
  • Carport Y/N: No
  • Garage Y/N: No
  • PARKING: Off Street, Paved, 20+ Total Spaces, Concrete
School Information
  • Elementary School: Park K-5
  • Middle School: Escalante 6-8
  • High School: Durango 9-12
Taxes and HOA Information
  • HOA Y/N: No
  • Tax Year: 2024
  • Total Taxes $: 5844.32
Property
Property and Assessments
  • FIPS Code: 08067
  • Legal/Lot Block: Subdivision: MOUNTAIN VIEW ADD Block: 8 Lot: 21 THRU:- Lot: 26 M V ADD 350 E 8TH AVE DURANGO 81301
  • Photo Count: 15
  • New Construction Y/N: No
  • Disclosures: Seller is Licensed Agent, Pets Allowed
  • Covenants Y/N: NO
  • Board Name: Durango Area Assn of Realtors
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: .5 - .99
  • Parcel ID #: 5.66529414001E11
Green Features
  • Green Certification Y/N: No
  • HERS Rated Y/N: No
  • Energy Star Qualified Y/N: No
  • LEED for Homes Y/N: No
  • NAHB/NGBS-ICC 700 Y/N: No
Utilities
  • Domestic Water/Sewer: City Water, City Sewer
  • Metered: Metered for Electricity, Metered for Gas, Metered for Water
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 29
  • Residence Stories: One Story
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: .00
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Unfurnished
  • Florring: Vinyl
  • Appliance Inclusions: Range/Oven, Range Top, Refrigerator
  • Interior Inclusion: Window Coverings
Exterior Features
  • Horse Setup: No
  • Residence Style: Garden/Low Rise Apts

Property History for 350 East 8th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 350 East 8th Avenue

Taxable ValueLand$54,090Additions$91,320Total$145,410
Tax Record2023$5,844 ($487 / month)
Home Facts
Total Finished SqFt9,350 SqFtAbove Grade Finished SqFt9,350 SqFtStories1Lot Size22,521 SqFtStyleMulti-Family Dwelling (2-4)Year Built1948CountyLA PLATAAPN5665-294-14-001

Schools near 350 East 8th Avenue

This home is within Durango 9-R School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 5 to 12
Rating
School
Distance
Park Elementary School
PublicPK to 5

Escalante Middle School
Public6 to 8

Durango High School
Public9 to 12

Robert Denier Youth Services Center
Public5 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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350 East 8th Avenue is a multi-family home for sale in Durango, CO 81301. This property was listed for sale on October 2, 2024 by eXp Realty, LLC, it's currently listed at $4,350,000. It has been on the market for a total of 81 days and was last sold on April 14, 2022. This listing's school district is Durango 9-R School District. Nearby schools include Park Elementary School, Escalante Middle School and Durango High School. 350 East 8th Avenue is a 0-bed, 0-bath, 9,350 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC, Craig Weese; eXp Realty, LLC, Garth Schultheis

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.