Durango Tech

150 Rock Point Drive #d, Durango, CO 81301

Description

Duplex Condominium Residential/Commercial. Built in 2002. Unit 1 - Ground Level, 642 sq. ft. 3 rooms, 2 storage areas and a private bath with shower. Commercial space rented for $1238/month. Unit 2 - Upper Level, 722 sq.ft. Residential or additional commercial space, rented for $1000/month. Sellers have owned the unit for 4.5 years and have had no vacancies in either unit. Each unit has a keyed entrance off a foyer. The 2 units share one meter for LPEA and one for ATMOS. Monthly TOTAL for the past year for both units has averaged $144 for both units per month. Both units benefit from a 3,000-watt solar system designed to produce 4,725 k Wh of electricity each year. HOA fees include landscaping, trash, water, sewer, exterior insurance, exterior maintenance, snow removal. There are two HOA entities involved. Rock Point and the Tech Center. TOTAL HOA fees are $247.00 monthly. Property grounds are managed by AREM. The 6/30/17 actual property valuation was $369,670. The tax bill for 2018 paid in 2019 was $2,616. Easy access to Downtown Durango (bike route!), nearby biking and hiking trails make this a special place to own. Excellent mountain views! Upstairs balcony. Owners are willing to finance with 20% down at 5% for 30 years. Payment at this rate would be $1588/month. 5.6% CAP RATE.

Details

MLS#751745
StyleCondominium
Sub-TypeResale
StatusActive
Year2002
Days On Site145

Features

Bed(s)2
Bath(s)2 Total
SQ Feet1,365
Story(s)Two Story

Additional Information

Taxes2616
HeatingForced Air
Available AmenitiesElectric,Natural Gas,Solar,Cable TV,Internet

Market Activity 81301

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Area Information

StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango In Town
Community NameDurango Tech
Middle SchoolMiller 6-8
High SchoolDurango 9-12
Listing VS Median (in Durango Tech)
Price:
$370,000
low | high
Med:
$382,500
46.621621621622% of Average
SqFt:
1,365
low | high
Med:
1,337
52.051282051282% of Average
$ / SqFt:
$271
low | high
Med:
$286
44.338054632172% of Average
On Site:
145
low | high
Med:
125
100% of Average
Listing Updated: 03/17/2019
MLS Number: 751745
Listing Provided By:
Denise Danilov  of  Keller Williams Realty Southwest Associates LLC



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