New Listing
195 Silverview Lane,Durango, CO 81303
Durango, CO 81303
Description
Exceptional multi-unit investment opportunity in Durango's growing Grandview area! Situated on nearly 2 acres just minutes from Mercy Hospital and Three Springs, this fully rented fiveplex offers an established rental property with recent improvements throughout and an excellent location within one of La Plata County's active development corridors. All five units have now been improved, with three units fully remodeled and the remaining two thoughtfully updated. The five residences are divided between two buildings, with two units in one structure and three in the other. The unit mix includes one 2-bedroom, 1-bath residence and four 1-bedroom, 1-bath residences, providing desirable smaller-footprint housing and a diversified rental configuration for an investor. The elevated property enjoys exceptional mountain views and nearly two acres of land, creating a surprisingly spacious setting while remaining convenient to Durango and nearby services. With all five units currently rented, improvements completed throughout the property, and continued residential and commercial activity in the surrounding Grandview and Three Springs areas, this is a unique opportunity to acquire an established multi-unit investment property in an evolving part of the Durango market.
Details
| MLS # | 839488 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 1 |
| Listing Provided By | EXIT Realty Home & Ranch | Makala Jewell |
Features
| Bath(s) | 5 Total |
|---|---|
| SQ Feet | 3,556 |
| Units | 5 |
| Acreage | 1.80 |
Interior
| Furnished | Unfurnished |
|---|
Parking
| Garage Yes / No | No |
|---|
Other
| List Aor | Durango Area Association Of Realtors |
|---|
Area Information
| State | CO |
|---|---|
| County | La Plata |
| City | Durango |
| Zip Code | 81303 |
| Area | Durango Rural |
| Community Name | Other |
| School District | Durango 9-12 |
| Elementary School | Florida Mesa K-5 |
| High School | Durango 9-12 |
| Listing VS Median (in Other) | |
Price: $1,295,000 low | high Med: $559,450 sqft: 3,556 low | high Med: 2,302 $ / sqft: $364 low | high Med: $243 On site: 1 low | high Med: 127 | |
Market Activity 81303
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Learn More About This Property
| State | CO |
|---|---|
| County | La Plata |
| City | Durango |
| Zip Code | 81303 |
| Area | Durango Rural |
| Community Name | Other |
| School District | Durango 9-12 |
| Elementary School | Florida Mesa K-5 |
| High School | Durango 9-12 |
| Listing VS Median (in Other) | |
Price: $1,295,000 low | high Med: $559,450 sqft: 3,556 low | high Med: 2,302 $ / sqft: $364 low | high Med: $243 On site: 1 low | high Med: 127 | |