Real Estate

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33405 N hwy 550 Durango CO Real Estate

Very rare opportunity to own a turn-key profitable Short Term rental in the beautiful Hermosa area, with no HOA. Only 20 minutes from downtown Durango as well as the Purgatory Ski Resort! This La Plata county duplex functions as two legal short term rentals, built and cared for by local owners. Property boasts; storage, temperature controlled office, 1 share of Animas Valley irrigation which will be transferred upon sale, and sprawling mountain views. If STR's aren't for you, house-hack the property while living in one unit and renting the other. The two units in the home have both been updated in the past five years (lower in 2019, top in 2021) with fresh flooring, trim, paint, custom cabinets, and modern stainless steel appliances including a Viking Stove and brand new washers and dryers. Truly a move in ready space! Upstairs: Short term rented since September 2021 37 reviews, 94.3% 5 star ratings, 4.94 average rating 69.1% Occupancy Rate, 170 Nights Booked, 115 Nights Blocked, 76 Unbooked 13.7% Cancellation Rate, 5.6 Night Average Length of Stay, 20.8 Day Average Booking Lead Time $151 Average Nightly Rate Downstairs: Long term rented 2018-19 for $900/night including utilities Rented short term since May 2019 186 reviews, 94.3% 5 star ratings, 4.94 average rating 74.2% Occupancy Rate, 239 Nights Booked, 41 Nights Blocked, 83 Unbooked Nights. 17.5% Cancellation Rate, 2.5 Night Average Length Of Stay, 18.5 Day Average Booking Lead Time, 1% returning guests, $147 Average Nightly Rate. Earning potential on the STR is $70,000.00+ Per Year!! The property is situated on .75 landscaped acres featuring a 40ft high cube zircon storage unit, 200square foot temperature controlled office, fenced and irrigated garden, and several fruit trees including apricot and apples. Three pre-made gravel pads can potentially be used for future greenhouse structures, recreation or other creative endeavors. In a perfect location you are 6 miles to Glacier Club, and 3 miles from Trimble Hot Springs, this is the perfect spot to catch the more than 1/2 million tourists a year that visit the beautiful valley. No lack of detail went into this property when it was updated, beautiful designs and features that have allowed the owners to remain super hosts with incredible reviews and multiple return clients. With a stunning view of the valley from the door steps, this home has the track record of selling itself to renters and will only continue to do so! Don't miss out on this amazing opportunity.