610 E 3rd Ave - Apartments FOR SALE


Durango, CO 81301- Downtown Durango
$2,395,000 USD
970-382-1162
610 E 3rd Ave, Durango, CO for Sale
$2,395,000 USD
Apartments - FOR SALE
1/8
null | 4.5% Cap Rate

610 E 3rd Ave
Durango, CO 81301
Downtown Durango


OVERVIEW

Multi-Family Investment Property – Prime Downtown Location Offered at $2,395,000 | 4.5% Cap Rate | $526.95 PSF A rare opportunity to own a 6-unit complex located in the heart of downtown Durango. This well-maintained asset includes a mix of (3) one and (3) two-bedroom units, and garages, currently generating $10,500 in monthly income. Property Highlights: – 6 Units,3 Two-bedroom & 3 One-Bedroom – Downtown Location, Close to shops, restaurants, and transit – On-Site Parking +Garages, Added convenience and rental value – Recent Capital Improvements, Roof, HVAC, and sewer updates completed – Mixed-Use Zoning, Flexible investment potential – Listing Cap Rate: 4.5%

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$527 USD /SF

# OF UNITS

6

PRICE/UNIT

$399,167

CAP RATE

4.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,238 SF

ZONING

MU-N

APN/PARCEL ID

R001357

ASK ABOUT THIS PROPERTY

Dan KormanAlpenglow Properties, LLCMore Info
970-382-1162

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Dan KormanAlpenglow Properties, LLCMore Info
970-382-1162

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