Cindy Ficklin - Coldwell Banker Distinctive Properties
1760 Florida Rd. 1 To 10
Durango, CO 81301

$1,800,000

Description

1760 Florida Road is a rare investment opportunity to own all 10 condos in the 1760 Condominium Development. 1760 Florida Road is a 10 condo complex on .45 acre lot. Each Condo is a 2 bed, 1 bath, 2 story, 898 sf unit. The 10 condos have a low vacancy rate, and the property is well maintained by an attentive and active owner/landlord. Landlord offers 12 month leases on the units, and currently all are leased. There is no HOA, as all ten units and the general common element property are held by the same owner. Could be a great 1031 exchange or alternative investment to bonds. Durango has a strong residential rental market, which should allow new owner the opportunity to increase net operating income. All ten condos, general common element property, have their own tax accounts, parcel numbers, and legal descriptions. Taxes represented are a total of all properties.

Details

MLS#747036
Sub-TypeResale
StatusActive
Year1986
Days On Site53

Features

SQ Feet8,980
Units10

Market Activity 81301

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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:
$429,000
100% of Average
SqFt:
8,980
low | high
Med:
1,365
100% of Average
$ / SqFt:
$200
low | high
Med:
$314
6.793650793651% of Average
On Site:
53
low | high
Med:
19
100% of Average
Listing Updated: 08/13/2018
MLS Number: 747036
Listing Provided By:
Phil Schoon  of  Keller Williams Realty Southwest Associates LLC



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