1255 COUNTY ROAD 207 Durango, CO 81301

Mixed Use Residence

Beds

9 Baths

8,111 Sq. Ft.

4.2 Acre Lot

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Last updated on 11/25/2024 8:30 AM

Listing Details

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 hi...gh-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 Durangoâ??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. Liveâ?¦Playâ?¦Investâ?¦ Continue reading

MLS#

817484

Property Type

Mixed Use

Bathrooms

8 Full/1 Half

Year Built

2019

Square Feet

8,111 sq. ft

Price per Sq. Ft.

$585.62