This fourplex near downtown Silverton presents an exceptional investment opportunity with strong income potential and room for expansion. The property features three charming, turnkey 1BR/1BA units, each thoughtfully designed with custom built-ins, hand-plastered walls, solid wood finishes, bonus and storage spaces, individual furnaces, and individual laundry areas. A fourth unit is currently under renovation, offering immediate value-add potential. Additionally, there is an approximately 1,000 sq. ft. garage with the potential to be converted into a fifth apartment unit, creating even greater income opportunity. One unit features a dramatic multi-level solarium with outstanding solar gain, ideal for a greenhouse, studio, or sunroom. Situated on a large corner lot where the zoning also allows for an ADU by right, providing additional development flexibility. Seller financing is available - bring all offers!
| MLS # | 835266 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1911 |
| Days On Site | 149 |
| Listing Provided By | Stellar Mountain Properties Ltd. | Melissa Childs |
| Bath(s) | 4 Total |
|---|---|
| SQ Feet | 5,000 |
| Units | 4 |
| Acreage | 0.17 |
| Furnished | Unfurnished |
|---|
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | Yes |
| Parking Features | Attached, Garage |
| List Aor | Durango Area Association Of Realtors |
|---|
| Property | 2366 |
|---|
| State | CO |
|---|---|
| County | San Juan |
| City | Silverton |
| Zip Code | 81433 |
| Area | Silverton |
| Community Name | Not Applicable |
| School District | Silverton 9-12 |
| Elementary School | Silverton K-5 |
| High School | Silverton 9-12 |
| Listing VS Median (in Not Applicable) | |
Price: $875,000 low | high Med: $835,000 sqft: 5,000 low | high Med: 3,162 $ / sqft: $175 low | high Med: $264 On site: 149 low | high Med: 106 | |
| State | CO |
|---|---|
| County | San Juan |
| City | Silverton |
| Zip Code | 81433 |
| Area | Silverton |
| Community Name | Not Applicable |
| School District | Silverton 9-12 |
| Elementary School | Silverton K-5 |
| High School | Silverton 9-12 |
| Listing VS Median (in Not Applicable) | |
Price: $875,000 low | high Med: $835,000 sqft: 5,000 low | high Med: 3,162 $ / sqft: $175 low | high Med: $264 On site: 149 low | high Med: 106 | |