1825 Florida Road

1825 Florida Road Durango, Colorado 81301 United States

Enter the Durango in town market with this investment opportunity located in the Durango Village Townhome complex. This charming 2 bed, 2 bath unit is ready for a new owner and has yielded modest returns since current ownership purchased in 1999. It is rare that the Townhomes in the Durango Village Complex come up for sale, but when they do, they don't sit on the market for long. Current ownership is leasing the unit at $2,000 per month which garners an estimated 5% CAP rate. The shingled roofs have been replaced and other exterior elements have been upgraded as well. Unit #103 has a 1 car garage with ability for a 2nd car to park in front of garage door. Guest parking is ample and common spaces are located towards the rear of the complex. This unit houses an open floor plan on the main level with kitchen, dining, living room, back deck, 3/4 bath, and storage with crawl space access. The 2nd level hosts a pleasantly surprising large primary bedroom that has 2 closets and a full bath. A loft room is located at the end of the hallway and can be used for a creative space/office/2nd bedroom. Privacy sliders have been installed in the loft. Washer and Dryer are located in the hallway. Possessing this Florida Road location gives your FLC student a place to land for an investment instead of renting and is a great conduit to all that Durango has to offer. Call me today for more details!

Listing Courtesy of Keller Williams Realty Southwest Associates, LLC, CREN MLS