Are you looking for a multi-functional residential property that offers plenty of space for recreation, a home-based business, or even a hobby farm? Look no further than this Colorado investment property for sale, offered by Joe Clair of Keller Williams Realty Southwest Associates, LLC
The property consists of two residences, with a large parking/yard space that can be used for storage of equipment, toys, or as a large shop space. Additionally, a 2-acre irrigated portion of the property comprises the west portion, making this property perfect for the Handyman/Investor type who recognizes the opportunity for a remodel and minor subdivision to split off a small parcel from the existing property.
The property has passed feasibility for at least 1 parcel to be subdivided, with a minimum size of 1 acre, up to 1.9 acres. If you’re looking to invest in real estate and want to take advantage of this opportunity, consult with LaPlata County Planning Department to learn more about the potential for subdivision.
Currently, the property has a main house and a detached trailer/ADU leased monthly. The main house is rented below fair market value on a month-to-month lease at $1900 (fair market value is likely in excess of $2400), while the ADU/trailer is rented for $700 (and likely should be $850).
This is a great opportunity for a fix and flip investor who may want a well-located spec home or for the owner-occupied beginning investor. The home is built solid and has received some upgrades on the interior. Call agent Joe Clair for ideas and options regarding the possible ways to make this investment opportunity one that fits your needs.
In conclusion, if you’re looking for a multi-functional residential property with plenty of potential for investment, this Colorado investment property for sale is worth considering. Contact Joe Clair today to learn more about this opportunity and to schedule a showing.
2650 CR 220, Durango, CO 81301