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49617 Highway 550 Highway , 1-27

Durango, CO 81301
  • $4,900,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 794529
UPDATED: 33 min ago
$4,900,000
  • 0
    BEDS
  • 1.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,400
    SQFT
  • $340
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1969
County:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of Exp Realty, Llc.


Description

25 of the 27 condos have been remodeled since 2020. Roof has been resealed. Exterior painted with 2 coats of paint. Old deck torn down and repaired. Old galvanized sewer lines replaced all throughout the building. 100% occupied. Waiting list of qualified prospects wanting to move in. Located at the base of beautiful Purgatory Ski Resort. Currently being run as an apartment complex but all the units are deeded separately as condos, so could sell off separately, vacation rental the whole property or maintain as current use as long term rentals. Cash Cow. Gross Rents were $13,000/month now are $26,000/month. Solid investment.

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Dalynn Trujillo | Bluebird Real Estate contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-07-02T09:57:04.58.
www.dalynntrujillo.com/homes/129648150
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49617 Highway 550 Highway , 1-27 Durango, CO 81301

  • Price: $4,900,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 33 min ago
  • MLS #: 794529
0
Beds
0
Baths
0
½ Baths
1.5
Acres
14,400
SQFT
$340
$/SQFT
1969
Built
Neighborhood:
Purgatory
County:
La Plata
Area:
Durango Mountain Area
Elementary School:
Animas Valley K-5
Middle School:
Miller 6-8
High School:
Durango 9-12
Property Description
25 of the 27 condos have been remodeled since 2020. Roof has been resealed. Exterior painted with 2 coats of paint. Old deck torn down and repaired. Old galvanized sewer lines replaced all throughout the building. 100% occupied. Waiting list of qualified prospects wanting to move in. Located at the base of beautiful Purgatory Ski Resort. Currently being run as an apartment complex but all the units are deeded separately as condos, so could sell off separately, vacation rental the whole property or maintain as current use as long term rentals. Cash Cow. Gross Rents were $13,000/month now are $26,000/month. Solid investment.
Exterior Features

Carport No Garage No Property Attached No Water Well No Waterfront YN No

Interior Features

One Quarter Baths 0 Total Office Dens 0

Property Features

Covenants No Green Certification No Hoa No Horse Setup No Multi Story Yes New Construction YN No Reo Lender Owned No Tax Year 2021 Total Electric Meters 27 Total Gas Meters 1 Total Taxes 2700 Total Water Meters 1 Type Apartment Bldg. Water Rights No Year Remodeled 2020

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Dalynn Trujillo | Bluebird Real Estate contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-07-02T09:57:04.58.
 
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Dalynn Trujillo | Bluebird Real Estate
211 Elk Avenue
Crested Butte CO, 81224
Listing courtesy of Exp Realty, Llc.