195 Silverview Ln - Apartments FOR SALE


Durango, CO 81303
$1,375,000 USD
970-946-0930
195 Silverview Ln, Durango, CO for Sale
$1,375,000 USD
Apartments - FOR SALE
1/21
null | 5.75% Cap Rate

195 Silverview Ln
Durango, CO 81303


OVERVIEW

Exceptional Multi-Unit Investment Property in Fast-Growing Grandview – Nearly 2 Acres with Mountain Views Discover arare investment opportunity in the rapidly expanding Grandview area of Durango, Colorado. Situated on nearly 2 acres just minutes from Mercy Hospital and the popular Three Springs subdivision, this fiveplex property offers both immediate rental income and long-term growth potential in one of La Plata County’s most active development corridors. Enjoy exceptional mountain views from this elevated property, adding to its appeal for both residents and investors. The five units, two of which have been recently remodeled, are divided between two buildings—two units in one structure and three in the other. Unit breakdown includes one 2-bedroom, 1-bathroom unit and four 1-bedroom, 1-bathroom units, catering perfectly to the area’s demand for quality, smaller-footprint housing. Utilities include a private water well, South Durango Sanitation sewer service, propane for heating, and electricity through LPEA. With new housing and commercial development springing up all around, this property is ideally positioned for the ever-increasing rental demand. Don’t miss this outstanding investment opportunity in one of Durango’s most strategic growth areas with breathtaking views.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$362 USD /SF

# OF UNITS

5

PRICE/UNIT

$275,000

CAP RATE

5.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

195 Silverview Lane, Durango, CO 81303

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,826 SF

ZONING

-

APN/PARCEL ID

R418546

ASK ABOUT THIS PROPERTY

Shelley LowEXIT Realty Home & Ranch Pagosa SpringsMore Info
970-946-0930

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Shelley LowEXIT Realty Home & Ranch Pagosa SpringsMore Info
970-946-0930

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.