HISTORIC DOWNTOWN DURANGO INVESTMENT AND DEVELOPMENT OPPORTUNITY. Situated on a 9375 SF lot, enjoy easy access to the Animas River trail, Santa Rita park, hiking/biking trails, and the lively Durango Main Street with numerous restaurants and shops. With the current 1,668 SF duplex on the property, the City of Durango has approved an additional 3 units (total of 5) to be built on this multi-family lot with a ratio allotment of an additional 2550 SF of improvements. MAIN HOUSE. The main house boasts 3BR/2BA with many upgrades and remodel work by the current owner. RECENTLY NEW APPLIANCES. Remodel/upgrade work includes new wiring installation, meter, and panel. The oak floors were refinished with new trim and offer warmth and historic charm. In addition, the primary bathroom has been redone starting with the new tiled floor and much more. Other updates include custom built closets/cabinetry in the primary bedroom, guest bedroom and kitchen, new attic insulation, new hot water heater, replaced piping, new toilets, and new sub flooring in the bathrooms. A new deck with side access was added. Newly painted both inside and out! ATTACHED APARTMENT. This adorable 1BD/1BA unit has been updated and includes a brand new deck with side entry. This is a great source of supplemental income for an owner wishing to use the main house as a primary residence. GAZEBO AND HOT TUB. The owner has built a lovely gazebo in the back of the property to house a new hot tub in a private setting. EXTERIOR. Brand new paved driveway. Each unit has a yard, one parking space and plenty of off-street parking. The list of work done is extensive. Some of these include roof repairs, foundation repointing, some window replacements, new backyard fence and parking, new shed, and drainage work. The sewer line was cleaned, re-shaped, and includes a new blue liner. A Special Use Permit to operate a Multi-Unit Property in the EN-MF zone will need to be obtained by the new owner if additional units are built. With high demand for housing, particularly in town. Buyer to investigate on any development guidelines with the City of Durango. THIS IS A RARE OPPORTUNITY!