House in Colorado

Address: 118 Rosemary Lane Durango 81301

Approximate value $: 850,000

Looking to trade permanently for rental property in Redding, Ca. 4 plex would be ideal. In the 96003 zip code are preferably.

Craigslist ad: https://post.craigslist.org/manage/2196013120/

Equity on this property is approx $550,000. So am looking for that price of a trade as I'd like to have no mortgage. You bring cash for the difference.

This property has three homes on 1 1/4 landscaped acres 'in town' Durango. Bordered by Lightner Creek, irrigation with senior water rights, gazebo, pond, raised vegetable beds, greenhouse, fruit trees all this just 8/10 of a mile from Albertson's! City plowing and road maintenance, spring and fall pick up, city water/trash/sewer.

Currants, apples, raspberries, herbs, flowers on a wonderful peaceful setting. A gardeners delight. In town, but a rural feel. Very unique.

Total rental income of all three homes = $ 4,115/mo and $ 49,380/yr Or live in one and rent the others. There could be multiple uses for this property - Great place for extended families. Or a retirement home with monthly income. Or investment property with care takers quarters. Or light commercial use.

Main Home w/detached garage - 3Bd/2 1/2 Ba 2,100 sq ft

Cottage - 2 Br/1Ba 900 sq ft (Currently leased)

Apartment and Artist Studio - 1Bd/1Ba Apartment below with a separate Artist Studio above. Total of 1,125 sq ft (Currently leased)

In exchange for House in California, 96003

Nice newer multi family. 4 - 5 plex in Redding, Ca. Preferably in the 96003 area.

ID: 13026, Submitted: 03/09/2011 12:34:36, Updated: 03/09/2011 12:38:11, Visitors: 9201