Think of a B&N or a way to have others make your house payments for you. Beautiful Lightner Creek acreage with a very comfortable home and 7 rental units. Rents vary from $425 to $575 monthly and are drastically under Market. Owners' home is dated and can easily be updated to suit any personality. This property has a commercial well to service the improvements. Very close to public land for casual hiking and mountain biking. Lightner creek runs through the property and the views of Silver Mountain are spectacular. This property would be perfect for the investor or owner occupant that wants to have their payments made by others and make money each month.
An unusual opportunity to own a 3-bedroom home plus a 1 bed 1 bath home on just over an acre of land bordering City of Durango. Bus stop to Riverview Elementary at end of driveway. Each house has mountain character, cable hook-up, appliances, a woodstove and a large deck. The large back yard has trails, sunsets and sweeping valley views. Trees and greenery, city water and sewer, paved parking and driveway, easy winter access, free partial snow clearing, reasonable heating bills and no HOA fees. Two carports plus large shed for the main house, one carport with lighting plus shed for the guest house. Quality walking and cycling trails nearby. Used as a primary residence plus rental for several years.
FEATURES:
Age: 31-40 Years Old
Architecture Style: Other
Lot Size: 1.1 Acres
Roof Type: Unknown
$375,000
1880 Florida Rd 1882 Florida Rd, Durango, CO 81301
$375,000
1880 Florida Rd 1882 Florida Rd, Durango, CO 81301
Residential upstairs, commercial offices downstairs, each unit locks separately but can be combined for one Live/Work tenant or owner. Currently rented to two tenants, $800 for upstairs residential, $1500 for commercial downstairs tenant. Commercial tenant has been in the space for 4 years, residential tenants for 2 years, cap rate is 5.7%. Upstairs unit has two bedrooms, one bath and includes appliances (range/oven, refrigerator and disposal). Television at top of stairwell in residential unit is excluded. Owner pays all utilities, property tax and property insurance because of the month to month lease. HOA is $150/month ($900/bi-annual) and includes landscaping front & back, trash and snow removal. The property is close to Downtown, trails, is in excellent condition and has beautiful views of the mountains out every window. This is an excellent investment opportunity or will make a great owner occupy, you could use all the property or continue to rent out part for income.
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