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2650 CR 220 Durango CO Real Estate
Awesome Opportunity for a multi-functional residential property with space for recreation, home based business, a hobby farm. The proeprty consists of two residences, a large parking/yard space for storage of equipment, toys or for a large shop space. Additionally a 2 acre irrigated portion of the property comprises the west portion. Perfect for the Handyman/Investor type who recognizes the opportunity for a remodel and minor subdivision to split of a small parcel from the existing property. Consult with LaPlata County Planning Department as we have passed feasibility for at least 1 parcel to be subdivided. Minimum size would be 1 acre, up to 1.9 acres. LEASES: The property currently has a main house and a detached trailer/ ADU leased monthly. The Main house is rented below fair market value on a month to month lease at $1900 (fair market value is likely in excess of $2400). The ADU/Trailer is rented for $700 (and likely should be $850). Great opportunity for a fix and flip investor who may want wa well located spec home or for the owner occupied beginning investor. The home is built solid and has received some upgrades on the interior. Call agent for ideas and options regarding the possible ways to make this investment opportunity one that works for you.