562 E 1st St, Durango, CO 81301

Property Description

Great opportunity for investors or for buyers looking for a large 2 story home downtown on the grid! Current configuration consists of two units, with the larger 1268 sf unit downstairs, and the smaller 704 unit upstairs. Downstairs there are 2 bedrooms, an office and one full bath, with a living room adjoining the dining room, which adjoins the large kitchen. Unit 1 has a bedroom in front, just off the living room, with the other bedroom and office in the back of the house, which opens to an enclosed back porch for storage and a huge fenced backyard. Unit 2 has a separate fenced side entrance to the staircase leading up to the unit. Here you will find a cozy 2 bedroom, 1 bath apartment. Both units have wood and tile flooring. There is a low maintenance metal roof, two storage sheds, and room to add off-street parking, with potential to add an additional unit or two to maximize your investment, subject to City of Durango guidelines and approval. The property borders the Parkside Terrace townhomes, and the upstairs unit is currently leased. There is so much potential here to add to an already great property in downtown Durango, in walking distance to the Animas River, Santa Rita Park, the dog park, and trails up to Fort Lewis College.