Coldwell Banker Distinctive Properties

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. Landlord offers 12 month leases on the units, and currently all are leased. 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. 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.

  • MLS# 747036
  • Sub-Type Resale
  • Status Pending - Show
  • Year 1986
  • Days On Site 116
SQ Feet 8,980
Units 10
Listing Provided By:
Phil Schoon  of  Keller Williams Realty Southwest Associates LLC
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $1,800,000
339.13%
$409,900 in 81301
this listing 8,980 SqFt
308.18%
2,200 SqFt in 81301
this listing $200 $/SqFt
7.58%
$186 $/SqFt in 81301
this listing 116 on site
728.57%
14 on site in 81301

Location

State CO
County La Plata
City Durango
Zip Code 81301
Area Durango In Town

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