Listing courtesy of Legacy Properties West Sotheby's Int. Realty.
GRANDVIEW FIVE-PLEX – Exceptional investment opportunity near Three Springs & Mercy Hospital. Multi-unit residential complex on nearly two acres with long term tenants on month-to-month leases. This area of Durango is growing by leaps and bounds and is expected to surge with new nearby housing and commercial developments. Unit 1 is 2 beds, 1 bath and rents for $1200 per month. Unit 2 is 1 bed, 1 bath and rents for $900 per month. Unit 3 is 1 bed, 1 bath and rents for $750 per month. Unit 4 and 5 are both 1 bed, 1 bath and rent for $700 each per month. Total is $4250 per month for all five units. Owner pays utilities. Utilities are well water, South Durango sanitation for sewer, propane, and LPEA. Pre-approval letter from local lender and/or proof of funds required from buyer before confirmation of showings.
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