2650 CR 220 Durango CO Real Estate

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.