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1255 COUNTY ROAD 207 DURANGO, CO 81301
- Townhouse or Condo / Resale (MLS)
Property Details for 1255 COUNTY ROAD 207, DURANGO, CO 81301
Features
- Price/sqft: $585
- Lot Size: 182952.00 sq. ft.
- Total Units: 1
- Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
- Stories: 1.5
- Heating: Forced air unit
Facts
- Year Built: 01/01/1976
- Property ID: 912130191
- MLS Number: 817484
- Parcel Number: R012320
- Property Type: Townhouse or Condo
- County: La Plata
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Erin Eicher, RE/MAX Pinnacle, C: 970-903-3323, broker@durangoremax.com, www.crenmls.com: This 4.2-acre mountain contemporary estate in Durango, Colorado, offers an exceptional opportunity for investors focused on maximizing rental income, including short term rental potential. With two remodeled duplexes generating $79,560 annually and a luxurious 5,299 sq. ft. main home designed for high-end rentals, this property delivers immediate and significant income potential. The main home, built in 2019, is fully furnished and features self-contained floors ideal for multi-family stays, premium vacation rental listings, or large group rentals. With mountain views, a creekside custom patio with a fire pit, and ample outdoor event space and parking, this property is positioned to attract vacationers. Located just 10 minutes from downtown Durango and adjacent to national forest and BLM land, the property is a destination for outdoor enthusiasts. In addition to the strong rental income, the property includes a pond, she-shed, and a large detached garage with a workshop. With its established income stream, versatile facilities, and prime location, this property is a rare turnkey investment in Durangos thriving tourism market. Whether you are considering a 2nd home with income potential, or an investment purchase with strong cash on cash return, you will want to seize this opportunity to own. Short term rental projections for the main home are estimated at $150K- $200K/year, with potential to double rental income for the duplexes if an owner wanted to rent the duplexes units nightly as well. LivePlayInvest
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Property Brokerage:
RE/MAX Pinnacle
1221 Main Avenue
Durango
CO
81301
Copyright © 2024 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.