Listing courtesy of Keller Williams Realty Southwest Associates, Llc.
This fantastic property features 2 mobile homes on permanent foundations and 4 mobile homes not on permanent foundations. The seller owns and will convey 6 mobile homes with the purchase of the property. The primary residence features 3 bedrooms, 2 bathrooms and a 4 car garage and sits on top of the hill with beautiful mountain views. The main home has an indoor and outdoor electric fireplace and backs to BLM land. Units #3 and #4 each had new propanol roofs installed 2 years ago. If all 6 of the sellers homes were properly rented out, the property would generate a gross income of about 93,600K annually (these are based on relatively low rental numbers) or more which would indicate a cap rate of about 7.5%. There is also room for adding more units which would also increase the cap rate on this property. Financing options through local banks are available. Whether you are an investor looking for a cash flowing asset in Durango or someone looking for a primary residence with views in Durango and rental income, this is a fantastic property that you won't want to miss!
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