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Sigrid A. Cottrell

Sigrid A. Cottrell
Crested Butte Realty
Crested Butte, CO

970-596-2596
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Listing 25 out of 1,036
$895,000 For Sale

2263 W 3rd Avenue
Durango, CO 81301

5 units | Multi Family Home
9148 sq ft lot - MLS# 758765 Courtesy of Re/Max Pinnacle
Property Photo
1/15

Description

Bringing in a potential $6, 200/month or $74, 400 gross rents at 100% occupancy, this 5 unit apartment complex has a cap rate of 7.6% in Durango, CO! Looking for an investment opportunity in Durango's tight rental market? Or live above the 4 units in the 4BR home/2BA unit and rent the other 4 units for $4, 200/month, this 5 Unit Multi-Family Income property a few blocks from Main/550 and is located within walking distance of all schools, Rec Center, Grocery stores, liquor stores, Animas River Trail, the Public library, bike & hike trails, medical facilities, shopping, etc... Fully leased, this property offers four 2 bedroom/1 bath units and one 4 bedroom/2 bath unit. There is off-street parking for both the front and rear of the property as well as private storage closets for each unit. Current rental income is $72, 600.00/yr (4 X $1, 050 and 1 X $2, 000/month or $6, 050/mo or $72, 600/year gross.)

Features

  • Property Type: Multi Family Home
  • Sub Type: Apartment Bldg.
  • Listing Status: Active
  • County/Area: La Plata County
  • Zip Code: 81301
  • Year Built: 1977
  • Elementary School: Needham K-5
  • Middle School: Miller 6-8
  • High School: Durango 9-12
  • Sq.Ft.: 5,385 sq ft
  • Stories: Two Story
  • Units: 5 units
  • Full Baths: 6
  • Lot Size: 9148 sq ft lot
  • Baths: 6
  • Area: Durango In Town
  • Cap Rate Percent: 7.64
  • Elevation: 6594
  • Furnished: Unfurnished
  • Gross Annual Expenses: 6000
  • Gross Scheduled Income: 74400
  • Multi Story: Yes
  • Net Operating Income: 68400
  • Parking: 10-20 Total Spaces
  • Property Attached Y/N: Yes
  • Unit 1 Monthly Rent: 2000
  • Unit 2 Monthly Rent: 1050
  • Unit 3 Monthly Rent: 1050
  • Unit 4 Monthly Rent: 1050
  • Unit 5 Monthly Rent: 1050
  • Vacancy Factor Prcnt: 98
  • Listing Office: Re/Max Pinnacle
Courtesy of Re/Max Pinnacle

Sigrid A. Cottrell
Crested Butte Realty

503 6th St Ste #6
Crested Butte, CO 81224
Phone: 970-596-2596
Email: sigrid@crestedbutterealtyinc.com

Testimonials

We chose Sigrid Cottrell based on a local recommendation and extensive knowledge of the Crested Butte, Colorado market as we were new to the area. She did not disappoint! Admittedly, we were not the easiest clients to work with as we had a very long "must have" list (to say the least). Sigrid  went way above and beyond throughout the entire process, and that even included setting up short notice appointments with reputable contractors, which in itself was no easy feat. As we worked with her, it soon became apparent she was more concerned that we find the right property versus her profiting from her commission on the sale. Sigrid's professionalism, enthusiastic and positive attitude, as well as her flexibility made the process very enjoyable. She was dependable, detail oriented and her knowledge was reflected in all elements of the process. If we are ever in need of a Real Estate professional in the future, we wouldn't hesitate to call upon Sigrid Cottrell and highly recommend her to any one who is! aeromosa
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