Pending
42570 N HWY 550
Durango CO, 81301
$1,700,000
$216.89 per sqft
Pending
12 Baths
7,838 sqft
Multi-family
Built in 1982
Courtesy of Legacy Properties West Sotheby's Int. Realty with Listing Contact: 970-946-3539
Discover the extraordinary charm of Almostaranch, a unique multi-use property nestled in the breathtaking North Valley of Durango, CO. This stunning estate borders 203 acres of State of Colorado Land and is seamlessly connected to the San Juan National Forest. It's a stone's throw from Haviland Lake and Electra Lake, making it a nature lover's paradise. Just a short 10-minute drive away is the renowned Purgatory Resort, along with the Glacier Club's exceptional golf and fitness center. Here, every adventure awaits--from hiking, biking, and paddleboarding to jeeping and hunting--right in your own backyard! Almostaranch is not only a stunning family residence but also a lucrative income-generating opportunity, currently yielding over $10,000 a month 113k net with the potential to double that revenue. The property includes 4 condo's units: three are rented month-to-month, while one operates as a highly profitable VRBO that doubles the income of the monthly rentals, significantly enhancing rental income. Additionally, an old lodge with three apartments, These units serve a much need low rent option for those in The North Valley. These units produce over 4k a month. Most value is in the land, but you could keep them as is or put some limited money into them and gain more rent. The building is old and needs it's share of work. Somone may just remove this structure and build a house and gain income that way off 1 unit. Moreover, the main house maintains its privacy from the rental units, making it a serene retreat. The potential here is limitless! Almostaranch has potential to transform into a wedding venue, family retreat, or corporate getaway. Please note that while the investment side of the property can be sold separately, the main residence will not be offered independently. Entire property with main home is listed mls 818630. Don't miss your chance to own this unique property that promises both adventure and income in the stunning outdoors of Durango!
818648
MLSⓇ ID
October 9, 2024
Listed
December 18, 2024
Updated
Map
42570 N HWY 550
Durango CO, 81301
Interior Features
Total Stories
2
Total Bathrooms
12
Full Bathrooms
9
Half Bathrooms
3
Interior Features
Upper Level Primary
Floor Description
Carpet, Laminate, Tile
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Baseboard, Electric
Exterior/Building Features
Lot Size
4.04 Acres
Lot Features
Adjacent To Public Land, Near Golf Course
Architectual Style
Other
Roof
Metal
Sewer
Other
School Information
High School
Durango 9-12
Elementary School
Animas Valley K-5
Other Property Details
Area Name
Durango Rural
Days on Market
70
Garage
No
Parking
Two Spaces
Parking Total
20
View
Yes
View Description
Mountain(s), Valley
County
La Plata
Water Source
Other
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
12/18/2024 | Pending | — |
Courtesy of Legacy Properties West Sotheby's Int. Realty with
Listing Contact: 970-946-3539
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Data last updated on: 12/18/2024