Active
1255 County Road 207
Durango CO, 81301
$4,750,000
$585.62 per sqft
Active
9 Baths
8,111 sqft
Commercial
Built in 2019
Listed by Erin Eicher with RE/MAX Pinnacle 970-903-3323
This 4.2-acre mountain contemporary estate in Durango, Colorado, offers an exceptional opportunity for investors focused on maximizing rental income, including short term rental potential. With two remodeled duplexes generating $79,560 annually and a luxurious 5,299 sq. ft. main home designed for high-end rentals, this property delivers immediate and significant income potential. The main home, built in 2019, is fully furnished and features self-contained floors ideal for multi-family stays, premium vacation rental listings, or large group rentals. With mountain views, a creekside custom patio with a fire pit, and ample outdoor event space and parking, this property is positioned to attract vacationers. Located just 10 minutes from downtown Durango and adjacent to national forest and BLM land, the property is a destination for outdoor enthusiasts. In addition to the strong rental income, the property includes a pond, she-shed, and a large detached garage with a workshop. With its established income stream, versatile facilities, and prime location, this property is a rare turnkey investment in Durango's thriving tourism market. Whether you are considering a 2nd home with income potential, or an investment purchase with strong cash on cash return, you will want to seize this opportunity to own. Short term rental projections for the main home are estimated at $150K- $200K/year, with potential to double rental income for the duplexes if an owner wanted to rent the duplexes units nightly as well. Live...Play...Invest...
817484
MLSⓇ ID
August 28, 2024
Listed
November 22, 2024
Updated
Map
1255 County Road 207
Durango CO, 81301
Interior Features
Total Stories
2
Total Bathrooms
9
Full Bathrooms
8
Half Bathrooms
1
Floor Description
Carpet, Tile, Wood
Fireplace
Yes
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air, Fireplace(s), Propane, Wood, Wood Stove
Exterior/Building Features
Lot Size
4.2 Acres
Exterior Features
Propane Tank - Leased
Lot Features
Adjacent To Public Land, Adjacent To Open Space, Easement
Roof
Architectural, Shingle
Sewer
Septic Tank
Other Property Details
Area Name
Durango Rural
Taxes
$4,403
Tax Frequency
Annually
Days on Market
3
Garage
No
View
No
County
La Plata
Water Source
Well
Pool
No
Waterfront
Yes
Listed by Erin Eicher with RE/MAX Pinnacle 970-903-3323
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Data last updated on: 11/22/2024