1840 W 3rd Ave, Durango, CO 81301

Property Description

Location, location, location! This charming home with a detached cottage (ADU) is perfectly situated on desirable West 3rd Avenue, offering easy access to schools, downtown, the river trail, parks, and endless hiking and biking paths. The property is designated as a "legal non-conforming use" which allows BOTH units to be rented. The main house features 3 bedrooms and 1 full bathroom, while the cottage offers a comfortable 1-bedroom, 1-bath layout with its own parking and alley access. Recent improvements include new stucco; windows; exterior trim, windows and doors were professionally painted for both structure; tree trimming; and new gas oven in front house. The cottage was updated including new vinyl flooring, pedestal bath sink and cabinets, hot water heater, faucets, new refrigerator, paved parking area and a new heater placed in the outside accessible heater closet. The sidewalk was replaced along West Third Ave. The fenced backyard features a lawn, mature trees and shrubbery. A long driveway allows for plenty of parking or the potential to add a garage. The basement is easily accessible and provides great space for storage. Both units have been long-term rentals. Great flexibility— and investment opportunity! Live in one and rent the other for additional income and/or to offset your mortgage. Opportunities like this don’t come along often—especially in such a prime location!