148 Dreamy Draw

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148 Dreamy Draw

Durango, CO 81303
Asking Price
$650K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential development site located at 148 Dreamy Draw in Durango.
  • The property is available for purchase at an asking price of $650,000.
  • This parcel sits within the scenic mountainous landscape of Southwest Colorado.
  • Positioned near regional thoroughfares for efficient access to surrounding communities.
  • The site represents a strategic land acquisition within the Durango market.

What's Special

Development of a custom residential project is a primary use case for this land parcel situated at 148 Dreamy Draw in Durango. This site provides an entry point into a region known for its mountainous terrain and access to year-round outdoor recreation. Durango serves as a central hub in Southwest Colorado, benefiting from a consistent flow of residents and tourists attracted to the natural landscape and the area's established economy. The location offers proximity to regional transportation routes, facilitating connectivity throughout the Four Corners area. Investors and private builders seeking to establish a footprint in this growing Colorado market will find this property positioned to support long-term development goals. The parcel's geography and zoning potential make it a candidate for varied architectural configurations tailored to the specific demands of the local housing market.

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NOI
$80,000
Cap Rate
12.31%
DSCR
2.07
Strong
Cash-on-Cash
21.24%
Monthly Payment
$3,215.845
Annual Cash Flow
$41,409.856

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