3032 E 5th Ave, Durango, CO 81301

An extremely rare opportunity to purchase a legal in-town four-plex that has been completely remodeled and updated. All the work has been done! Situated on charming 5th Avenue in Animas City among nicer, single family residences and a very short distance from the city's river trail, rec center, trolley stop, college, schools, and hiking trails. This multifamily property has been gutted throughout and delightfully remodeled. Tongue/groove ceilings, wood flooring and accents, and an abundance of natural light are just a few of the features. Property has not had a vacancy in 9 years and attracts professional caliber tenants looking for long term housing in a quiet neighborhood. Mechanicals, appliances, plumbing, electrical and appointments have all been updated over the last few years. Metal roof and vinyl siding for low maintenance ownership. Located on a 12, 750 sf with an oversized two car garage, landscaping, raised garden beds, alley access, and plenty of off street parking, this property has great curb appeal for leasees. Another plus: rental potential on the two car garage, which is currently outfitted with a City approved commercial grade kitchen set up for food/beverage businesses. On the alley side, there is a 2 br/1 ba and 1 BR/1Ba, each with their own private decks, outdoor area, and plenty of parking. Facing 5th Avenue, there is a 1 BR/1Ba with bonus den area and another one BR/1 Ba, both covered porches and off street parking. Three of the units have their own washer/dryer units. All units have separate entries and pleasant outdoor spaces. This is a unique opportunity for a long term investor, or might be a consideration for someone looking for a simple second home option with rental income. Has great potential for vacation rentals as well with its pleasant landscaping and location. This property is in completely updated condition, so there wont be any surprise expenses or updating after purchase. Legal properties of this potential and condition do not come to market very often. Current rents are well below market value.