Rare and highly versatile income-producing property near Durango with seller financing available. This fully rented multi-unit property offers approximately 3,500 sq ft of total living space, multiple existing rental streams, 3.42 acres, and potential for future expansion. It is a strong fit for an investor, owner-occupant, or buyer seeking a primary residence with established rental income already in place.
Renovated five years ago, the main residence is a spacious approximately 2,000 sq ft, 3-bedroom, 2.5-bath home featuring soaring vaulted ceilings, warm wood accents, and a striking stone fireplace. The main residence also includes a private fenced yard and separate entrance, offering privacy from the other units. The home could be used as a personal residence, maintained as a long-term rental, or potentially positioned as a premium vacation rental.
In addition to the main residence, the property includes three 1-bedroom, 1-bath apartments, with two located on the lower level and one upstairs. These units were previously used as vacation rentals and are now occupied by reliable long-term tenants. The property also includes a full-hookup RV site, with potential to add additional RV sites subject to buyer due diligence and applicable approvals.
The property is supported by a 9-bedroom septic system and a high-producing commercial well that has provided abundant, reliable water and has never run dry. Additional features include welded pipe fencing, pasture area, a seasonal creek, and shared access to a pond with the neighboring property.
What the owner loves about this home
Asking price is $899,000. Seller financing is available with 6% interest and 30-year amortization. Flexible down payment may be considered for a qualified buyer. Located approximately 25 minutes from Durango and 5 minutes from Bayfield. Financials and additional details are available to qualified buyers. Proof of funds or ability to purchase required before showings or financials are released.
17 days
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466
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29
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Listed by:
Property Owner(970) 880-2297
This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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