Real Estate

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1850 W 3rd Avenue Durango CO Real Estate

SIGNIFICANT PRICE REDUCTION! Investment Opportunity located on desirable West 3rd Avenue. The duplex was built in 1888, and has been a successful rental for many years. Tenants enjoy easy access to all school levels, downtown, river trail, parks, and hiking/biking trails. The front unit is a 3/1 and rents for $1725 and the back 1/1 unit rents for $1200; each unit has washer/dryer. There is a detached 2-car garage plus parking along W 3rd Avenue (on-street) or in alley. A charming, fenced side yard with space for gardening and pets. This property is legally zoned duplex/triplex and has a 7000 SF lot. Landlord currently pays all utilities. Options abound; continuing with leases, live in one unit and lease the other as supplemental income, or remodel to a single-family home. With high demand for housing, particularly in town, this is a rare opportunity to own a great rental.