350 East 8th Avenue
$4,350,000
—
9,350
9,350
$465
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.
- Listed by Craig Weese • eXp Realty, LLC
- Listed by Garth Schultheis • eXp Realty, LLC
Property Details for 350 East 8th Avenue
Water Front
No
ZoningResidential Multi Family
Subdv NameNone
LISTING UPDATED: 10/18/2024 03:24 PM
Property Details for 350 East 8th Avenue
Status | Active |
---|---|
MLS # | 818459 |
Days on Market | 81 |
Taxes | $5,844 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | MULTIFAMILY / Apartment Bldg. |
Year Built | 1948 |
Lot Size | 0.51 AC / 22,215 SF |
County | La 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
Property History for 350 East 8th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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