1322 Florida Road
Durango, CO 81301

$1,800,000

Description

This opportunity consists of 12 condo units located in one of the most heavily trafficked areas of Durango, CO. Sunnyslope Condominiums is located near numerous restaurants, shops, public transportation and boasts great walkability to Downtown Durango, the Animas River and many more outdoor amenities. The long-term owner has taken great care of this asset, keeping the vacancy near a minimum and the building well maintained. The asset belongs to an HOA that is $135/Mo/Unit that covers insurance, water, sewer, trash, exterior maintenance, snow removal and landscaping. The building consists of 9-Two Bedroom units & 3-One Bedroom units, all including a full bathroom, kitchen, washer/dryer, range/over and refrigerator. This walk-up, turn-key asset is being offered at $1,950,000 for all 12-units or $1,050,000 for just half of the asset consisting of 6-units (All Two Bedroom units). Currently the asset is under market rent and has room for a new owner to increase rents and boost the Net Operating Income. Each unit is individually deeded, providing a buyer with a great exit-strategy. Please see Offering Memorandum in associated documents and call agent for financials. Dont miss out on this rare opportunity to own an investment property here in Durango.

Details

MLS#737552
Sub-TypeResale
StatusPending - Show
Year1990
Days On Site259

Features

SQ Feet9,816
Units12

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Area Information

StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango In Town
Listing VS Median (in 81301)
Price:
$1,800,000
low | high
Med:
$449,500
100% of Average
SqFt:
9,816
low | high
Med:
1,776
100% of Average
$ / SqFt:
$183
low | high
Med:
$253
11.977852852853% of Average
On Site:
259
low | high
Med:
86
100% of Average
Listing Updated: 05/24/2018
MLS Number: 737552
Listing Provided By:
Zane Wells  of  The Wells Group of Durango Inc.



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