About This Home

This 0-bedroom, 9-bathroom multi-family at 350 E 8th Avenue in Durango, CO is listed for $3,495,000 ($374 per sqft). Built in 1948, the home offers 9,350 sqft of living space on a 0.52 acres lot.

Key Features

Built in 1948
0.52 acre lot

Property Details

9 full

1948

Listing Description

Garth L Schultheis, eXp Realty, LLC, C:,,: 28 unit apartment complex. Original designation was hotel/motel. Converted use over time to longer term rentals. Assessed as RES LND MULTI 9 + - 1125.Current ownership purchased in 2022 and has done extensive remodeling, repairs, new roof, significant electrical upgrades/repairs.

Priced at a 6 cap. Great Durango Commercial Investment. Your tenants will enjoy the great in town location convenient to downtown, shops, restaurants, Fort Lewis College, Horse Gulch mountain biking and miles of hiking

Monthly Cost Estimate

$18,692/mo

20% down · 6.5% · 30 years

Principal$2,528

Interest$15,145

Insurance$1,019

Estimates only. Actual payments may vary.

Location

350 E 8th Avenue

Durango, CO 81301

Questions & Answers

This 0-bedroom, 9-bathroom multi-family at 350 E 8th Avenue is listed at $3,495,000 ($374/sqft). The estimated monthly payment is $18,692 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1948, 0.52 acre lot.

This property is listed by Garth Schultheis.

Garth Schultheis

Agent at eXp Realty, LLC

350 E 8th Avenue, Durango, CO 81301