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$ 715,000
Est. payment /mo
Active
470 Burns Ave. Ignacio, CO 81137
12 Baths
5,760 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment Bldg.
Listing Status Active
Purchase Type For Sale
Square Footage 5,760 sqft
Price per Sqft $124
MLS Listing ID 829165
Style Other
Full Baths 6
Half Baths 6
Year Built 1973
Tax Year 2025
Lot Size 0.440 Acres
Acres 0.44
Property Sub-Type Apartment Bldg.
Property Description
470 Burns Ave., in Ignacio, Colorado, just 20 minutes south of Durango, is a stable multi family, income producing property. The property has six, two bedroom, one and one-half bath, 960 SF units. The apartment is centrally located in Ignacio and walking distance to schools, grocery store, restaurants, and more. Ignacio is the headquarters of the Southern Ute Indian Tribe which is currently the largest employer in La Plata County, and a multi faceted enterprise generating millions of dollars each year for La Plata and Archuleta Counties. Ignacio, and specifically 470 Burns Ave., offers affordable housing solutions for locals and their families. Operating at nearly 100% occupancy, 12 months out of the year, 470 Burns is a very stable investment opportunity offering an nearly 6.6% cap rate, making it a compelling investment alternative to treasury bonds or stocks. If interested, call your preferred local realtor for more information.
Location
State CO
County La Plata
Zoning Residential Multi Family
Interior
Flooring Carpet, Other, Vinyl
Inclusions Dishwasher, Disposal, Range/Oven, Refrigerator
Furnishings Unfurnished
Exterior
Roof Type Metal
Building
Story Two Story
Sewer City Water
Water City Water
New Construction No
Schools
Elementary Schools Ignacio K-6
Middle Schools Ignacio 7-8
High Schools Ignacio 9-12
Listed by Keller Williams Realty Southwest Associates, LLC
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