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763 Animas View Drive Durango CO Real Estate

Durango Investment! Redwood Apartments has 17 apartments and has many possibilities! Remodeling on several units have taken place within the past few years with upgraded electrical, sewer, and plumbing. Repairs are still needed on exterior siding, stairs, and decks. Currently 3 separate buildings: 3 two bedroom units in 2 story unit, 7 one bedroom single story unit, and 7 studios in 2 story unit. Located within walking/biking of Downtown Durango, one block from Animas River, next to Trolley stop and only 30 minutes to Purgatory Ski Resort. Currently 5.65% CAP rate as affordable housing and with long term tenants. There is room to add on more units. Current financials available.