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2650 Creek 220Durango, CO 81301Price: $565,000

  • Price: $565,000
  • Est. Mortgage of $/month
  • 679 Days on Market
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Federal 30-year interest rate: 6.88% last updated on Apr 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $565,000List Price
  • 3Bedrooms
  • 3Acreage
  • 1957Year Built
  • 1,624Square Feet
Listed by Joe Clair of Keller Williams Realty Southwest Associates,LLC

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Awesome Opportunity for a multi-functional residential property with space for recreation, home based business, a hobby farm. The property consists of two residences, a large parking/yard space for storage of equipment, toys or for a large shop space. Additionally, an approx. 2-acre irrigated portion of the property comprises the west portion. Perfect for the Handyman/Investor type who recognizes the opportunity for a remodel and minor subdivision to split of a small parcel from the existing property. Consult with LaPlata County Planning Department as the Seller started the feasibility process to determine allowed uses for the property along wiht determining if a subdivision would be possible for at least 1 parcel to be subdivided. Minimum size would be 1 acre, up to 1.9 acres. Feasibility app. was NOT completed. Call for details. LEASES: The property currently 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). The ADU/Trailer is rented for $700 (and likely should be $850). Great opportunity for a fix and flip investor who may want wa 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 for ideas and options regarding the possible ways to make this investment opportunity one that works for you.

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 The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
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The data on this site was last updated April 16, 2024

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