159 E 6th Ave, Durango, CO 81301

Downtown on-the-grid development opportunity! Property has tons of potential. Cottage in SoCo (south of College). As it is – It’s a cozy and warm 752 SF home with great light inside. Functional, affordable and the most inexpensive home in-town currently available in MLS. As a re/development – It’s a rare opportunity to build a downtown home + ADU (detached or attached). There is a lot of room to build 1 or 2 structures (main house, and garage + ADU) on the lot. Design/build your custom home here. The cottage sits at the far back of the property against the alley. Quiet, historic neighborhood, walking distance to schools, parks, college, river, river trail, trails, downtown and restaurants. Current owner operated this as a rental property until end of September 2019 when the tenant vacated due to the sale. Rented at $1,450/month plus all bills, excellent rental history, little or no vacancy. Works well as an income property OR as a re/development. Large partially fenced lot. Lot dimensions are 37.5' x 150' ft. For re/development - Buyer should verify building options with City Planning regarding ADU requirements, parking spaces, additional taps, set backs, etc.