574 East 2nd Avenue

Durango, CO 81301

$819,900
Price
—
Beds
6
Baths
2,195 Sq. Ft.
$374 / Sq. Ft.
2,195
Sq. Ft.
$374
per Sq. Ft.

Description

All units are now rented at market value, making this an incredible investment opportunity in downtown Durango! This property is an incredibly rare find with six studio units just a block away from Main Avenue. There are very few residential units this close to Main Avenue, and rarely do properties like this come on the market. the units had been vastly under rented in the past as rents had not been increased in several years and were not reflective of the current market value, but the owner has...All units are now rented at market value, making this an incredible investment opportunity in downtown Durango! This property is an incredibly rare find with six studio units just a block away from Main Avenue. There are very few residential units this close to Main Avenue, and rarely do properties like this come on the market. the units had been vastly under rented in the past as rents had not been increased in several years and were not reflective of the current market value, but the owner has spent the past several months increasing the rents as the units came vacant, and now all units are rented at market rate making this a very viable investment. Don't miss this opportunity to own a cash flowing property in an unbeatable location!
  1. Listed by Todd Sieger • Coldwell Banker Distinctive Properties

Property Details for 574 East 2nd Avenue

Water Front
No
Zoning
Residential Multi Family
Subdv Name
Not Applicable

Location

Listing Courtesy of Coldwell Banker Distinctive Properties, Todd Sieger
Add your commute
LISTING UPDATED: 04/16/2024 02:12 PM

Property Details for 574 East 2nd Avenue

StatusActive
MLS #808016
Days on Market224
Taxes$1,428 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Sixplex
Year Built1908
Lot Size0.00 AC / 0 SF
CountyLa Plata County

Location

Listing Courtesy of Coldwell Banker Distinctive Properties, Todd Sieger
Add your commute

Building Information for 574 East 2nd Avenue

Stories2Residences6Year Built1908Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$4,594 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,475

Property Taxes

$119

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 574 East 2nd Avenue

Summary
Location and General Information
  • Directions: Main to College to 2nd Ave across from East by Southwest.
Owner
  • Owner Name: Probst
Parking
  • Carport Y/N: No
  • Garage Y/N: No
  • Parking Spaces: 0
  • PARKING: On Street
School Information
  • Elementary School: Park K-5
  • Middle School: Miller 6-8
  • High School: Durango 9-12
Taxes and HOA Information
  • HOA Y/N: No
  • Tax Year: 2021
  • Total Taxes $: 1427.68
Property
Property and Assessments
  • FIPS Code: 08067
  • Legal/Lot Block: Mountain View Addition, Block 22, Lot 14 and Lot 15, West 75' LOTS 14-15, Mountain View Addition
  • Photo Count: 24
  • New Construction Y/N: No
  • Disclosures: Lead Base Paint
  • Covenants Y/N: NO
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: Less than 1/2
  • Parcel ID #: 5.66529308001E11
  • SqFt Source: EagleWeb
  • Elevation: 6500
Green Features
  • Green Certification Y/N: No
  • HERS Rated Y/N: No
  • Energy Star Qualified Y/N: No
  • LEED for Homes Y/N: No
  • NAHB/NGBS-ICC 700 Y/N: No
Utilities
  • Total # Water Meters: 1
  • Total # Gas Meters: 1
  • Total # Electric Meters: 1
  • Domestic Water/Sewer: City Water
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 6
  • Residence Stories: Two Story
  • Property Mngr: none
Unit 1 Information
  • Unit 1 Monthly Rent$: 950
Unit 2 Information
  • Unit 2 Monthly Rent$: 975
Unit 3 Information
  • Unit 3 Monthly Rent$: 850
Unit 4 Information
  • Unit 4 Monthly Rent$: 850
Unit 5 Information
  • Unit 5 Monthly Rent$: 850
Unit 6 Information
  • Unit 6 Monthly Rent$: 975
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 5
  • 1/4 Baths: 0
  • Total Baths: 6.00
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Unfurnished
  • Main SF: 1267
  • Upper SF: 928
  • Florring: Carpet, Linoleum
  • Appliance Inclusions: Range/Oven, Refrigerator
Exterior Features
  • Horse Setup: No
  • Residence Style: Victorian

Property History for 574 East 2nd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 574 East 2nd Avenue

Taxable ValueLand$10,210Additions$23,990Total$34,200
Tax Record2022$1,391 ($116 / month)
Home Facts
Total Finished SqFt2,195 SqFtAbove Grade Finished SqFt2,195 SqFtStories2Lot Size7,492 SqFtStyleMulti-Family Dwelling (2-4)Year Built1908CountyLA PLATAAPN5665-293-08-001

Schools near 574 East 2nd Avenue

This home is within Durango 9-R School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 5 to 12
Rating
School
Distance
Park Elementary School
PublicPK to 5

Escalante Middle School
Public6 to 8

Durango High School
Public9 to 12

Robert Denier Youth Services Center
Public5 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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574 East 2nd Avenue is a multi-family home for sale in Durango, CO 81301. This property was listed for sale on September 17, 2023 by Coldwell Banker Distinctive Properties, it's currently listed at $819,900. This listing's school district is Durango 9-R School District. Nearby schools include Park Elementary School, Escalante Middle School and Durango High School. 574 East 2nd Avenue is a 0-bed, 6-bath, 2,195 sqft multi-family home built in 1908.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Distinctive Properties, Todd Sieger

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.