$4,750,000
( $585.62Per Sq Foot )
 $25,499 est/mo Sourced by Back At You

1255 County Road 207 , Durango, CO 81301

Durango, CO 81301

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Description

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 Durango’s 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

Details

MLS#817484
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year2019
Days On Site70
Listing Provided ByRE/MAX Pinnacle | Erin Eicher

Features

Bath(s) 9 Total
SQ Feet8,111
BasementY
Story(s)2
Units5
Acreage4.20
Water FrontYes

Market Activity 81301

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Listings Checked: 23 seconds ago
StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango Rural
Listing VS Median (in 81301)
Price:
$4,750,000
low | high
Med:
$745,000
100% of Average
SqFt:
8,111
low | high
Med:
1,451
100% of Average
$ / SqFt:
$586
low | high
Med:
$513
62.326235989699% of Average
On Site:
70
low | high
Med:
7.000000
100% of Average
Sourced by Back At You
Listing Updated: September 30, 2024 at 10:44:57 AM PDT
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