610 E 3rd Avenue Durango CO Real Estate

Charming 3rd Avenue Victorian Investment Property! This property is ideally located just two blocks from historic downtown Durango, and hosts six rental units with well-performing rental history. The main 4 bedroom home features original lead glass accents and hardwood flooring throughout, high ceilings, beautiful steam radiators, new electrical, and a new boiler in 2020. The home can be rented together or as two separate units, upstairs and main level, with two bedrooms, one bathroom, and full kitchen on each level. There is a shared laundry on the back porch, and a partial basement with workshop space. Unit #1 is a main level detached unit with 1 bedroom, full bath, and new carpeting. Unit #2, partially above Unit #1 and a shared garage area laundry room, has been completed renovated and hosts 2 bedrooms and 1 full bath with engineered wood floors throughout the living space, new carpet in the bedrooms, and a galley kitchen with stainless steel appliances. Units #3 and #4 are accessed off of the alley above the separate 2 car garage and 1.5 car garage spaces. Each of these units is a 1 bedroom, 1 bath. The corner lot accommodates ample off-street parking with 6 spaces outside in addition to the 3 garage spaces. The tenants participate in gross leases with utilities billed at $75 extra/ bedroom on top of their rental rates.

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