1760 CR 240
1760 CR 240 Durango, Colorado 81301 United States

$3,500,000
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1760 Florida Road is a rare investment opportunity to own all 10 condos in the 1760 Condominium Development. 1760 Florida Road is a 10 condo complex on .45 acre lot. Each Condo is a 2 bed, 1 bath, 2 story, 898 sf unit. The 10 condos have a low...

Listing Courtesy of Coldwell Banker Distinctive Properties

Listing Courtesy of Coldwell Banker Distinctive Properties
$3,500,000
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9
Full Baths
8,980 Sq Ft.
Interior
.45 Acres
Exterior
Other
Property type
1986
Year Built
796530
Web Id
796530
MLS ID
61
days ago

About 1760 CR 240

1760 Florida Road is a rare investment opportunity to own all 10 condos in the 1760 Condominium Development. 1760 Florida Road is a 10 condo complex on .45 acre lot. Each Condo is a 2 bed, 1 bath, 2 story, 898 sf unit. The 10 condos have a low vacancy rate, and the property is well maintained by an attentive and active owner/landlord. All are currently leased, not all leases reflect current market value. There is no HOA, as all ten units and the general common element property are held by the same owner. Could be a great 1031 exchange or alternative investment to bonds. Durango has a strong residential rental market, which should allow new owner the opportunity to increase net operating income. Units could be sold individually as well. All ten condos, general common element property, have their own tax accounts, parcel numbers, and legal descriptions. Taxes represented are a total of all properties. Tenants pay Electric and Gas. Owner pays Water/Sewer/Trash.

Listing Courtesy of Coldwell Banker Distinctive Properties, CREN MLS

PROPERTY INFORMATION

Waterfront
No

ADDITIONAL INFORMATION

Number of Units
10
Listing Courtesy of Coldwell Banker Distinctive Properties

Listing Courtesy of Coldwell Banker Distinctive Properties

Listing Courtesy of Coldwell Banker Distinctive Properties

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