470 Burns Ignacio Co 81137

Ignacio, CO 81137

$795,000
Price
12
Beds
6
Baths
6
1/2 Baths
5,760 Sq. Ft.
$138 / Sq. Ft.
5,760
Sq. Ft.
$138
per Sq. Ft.

Description

Looking for a solid multi family investment opportunity with room to increase rents and equity? This is it. Offering 6 total units, all 2 bedrooms and 1.5 bathrooms. The apartment is centrally located in Ignacio, walking distance to schools, grocery store, church, etc... The demand for rental units such as this has never been higher in our market place. The exterior was repainted and stucco repaired in 2020. The interiors (5 of 6 units) were all painted in 2020. Sellers have replaced 1 furnace and...Looking for a solid multi family investment opportunity with room to increase rents and equity? This is it. Offering 6 total units, all 2 bedrooms and 1.5 bathrooms. The apartment is centrally located in Ignacio, walking distance to schools, grocery store, church, etc... The demand for rental units such as this has never been higher in our market place. The exterior was repainted and stucco repaired in 2020. The interiors (5 of 6 units) were all painted in 2020. Sellers have replaced 1 furnace and 2 hot water heaters during their ownership. They have also upgraded 2 units with LVP flooring. Stable income, consistent demand, opportunity to raise rents... investment properties like this one don't come up very often in our Durango area market. Act now!
  1. Listed by Katherine Sumrall-Griego • Keller Williams Realty Southwest Associates, LLC

Property Details for 470 Burns Ignacio Co 81137

Water Front
No
Subdv Name
None
LISTING UPDATED: 09/26/2024 12:40 PM

Property Details for 470 Burns Ignacio Co 81137

StatusActive
MLS #817806
Days on Market72
Taxes$1,387 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Sixplex
Year Built1973
Lot Size0.43 AC / 18,730 SF
CountyLa Plata County

Building Information for 470 Burns Ignacio Co 81137

Stories-Residences6Year Built1973Building Size-Lot Size0.43 AC / 18,730 SF

Property Information for 470 Burns Ignacio Co 81137

Summary
Location and General Information
  • Year Remodeled: 2023
  • Directions: Ignacio, right at the Market Fresh, all the way to the alley off Burns Ave.
Owner
  • Owner Name: Griego
Parking
  • Carport Y/N: No
  • Garage Y/N: No
School Information
  • Elementary School: Ignacio K-6
  • Middle School: Ignacio 7-8
  • High School: Ignacio 9-12
Taxes and HOA Information
  • HOA Y/N: No
  • Tax Year: 2023
  • Total Taxes $: 1386.92
Property
Property and Assessments
  • FIPS Code: 08067
  • Legal/Lot Block: Subdivision: HALLS FIRST (IGN) Block: 14 Lot: 22 THRU:- Lot: 25 HALLS 1ST ADD 470 BURNS AVE #6 460 BURNS AVE #5 450 BURNS AVE #4 440 BURNS AVE #3 430 BURNS AVE #2 420 BURNS AVE #1 IGNACIO 81137
  • Photo Count: 9
  • New Construction Y/N: No
  • Covenants Y/N: NO
  • Board Name: Durango Area Assn of Realtors
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Parcel ID #: 5.95508307005E11
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
  • Total # Water Meters: 1
  • Total # Gas Meters: 1
  • Total # Electric Meters: 6
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 6
Income & Expenses Information
  • Gross Scheduled Income $: $4,835.00
  • Cap Rate Percent: 6.10%
  • Net Operating Income $: $49,000.00
  • Gross Annual Expenses $: $8,500.00
Unit 1 Information
  • Unit 1 # Bedrooms: 2
  • Unit 1 # Baths: 1.5
  • Unit 1 Monthly Rent$: 760
  • Unit 1 Square Feet: 960.0
Unit 2 Information
  • Unit 2 # Bedrooms: 2
  • Unit 2 # Baths: 1.5
  • Unit 2 Monthly Rent$: 775
  • Unit 2 Square Feet: 960.0
Unit 3 Information
  • Unit 3 # Bedrooms: 2
  • Unit 3 # Baths: 1.5
  • Unit 3 Monthly Rent$: 825
  • Unit 3 Square Feet: 960.0
Unit 4 Information
  • Unit 4 # Bedrooms: 2
  • Unit 4 # Baths: 1.5
  • Unit 4 Monthly Rent$: 850
  • Unit 4 Square Feet: 960.0
Unit 5 Information
  • Unit 5 # Bedrooms: 2
  • Unit 5 # Baths: 1.5
  • Unit 5 Monthly Rent$: 850
  • Unit 5 Square Feet: 960.0
Unit 6 Information
  • Unit 6 # Bedrooms: 2
  • Unit 6 # Baths: 1.5
  • Unit 6 Monthly Rent$: 775
  • Unit 6 Square Feet: 960.0
Interior and Exterior Features
Room Information
  • 1/2 Baths: 6
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: 12.00
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Unfurnished
Exterior Features
  • Horse Setup: No

Property History for 470 Burns Ignacio Co 81137

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 470 Burns Ignacio Co 81137

This home is within Ignacio 11 Jt School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Ignacio Elementary School
PublicK to 5

Ignacio Junior High School
Public6 to 8

Ignacio High School
Public9 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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470 Burns Ignacio Co 81137 is a multi-family home for sale in Ignacio, CO 81137. This property was listed for sale on September 7, 2024 by Keller Williams Realty Southwest Associates, LLC, it's currently listed at $795,000. This listing's school district is Ignacio 11 Jt School District. Nearby schools include Ignacio Elementary School, Ignacio Junior High School and Ignacio High School. 470 Burns Ignacio Co 81137 is a 12-bed, 9-bath, 5,760 sqft multi-family home built in 1973.

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 Keller Williams Realty Southwest Associates, LLC, Katherine Sumrall-Griego

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.