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470 Burns Ave Ignacio, CO 81137

For Sale
$715,000

Apartment Bldg., Other - Ignacio, CO

Property size:
5,760 SF
Lot size:
0.44 Acres
Days on Market:
58
Last Refresh:
Dec 6 at 6:06 pm

Property Features for 470 Burns Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Size
5,760 SF
Lot size
0.44 Acres

Building Details

Year built
1973
Architectural style
Other

Keller Williams Realty Southwest Associates (970) 247-3840 [email protected]

Listing agent Phil Schoon (970) 247-3840

Listing date Oct 10, 2025

MLS# 829165 Listing URL

Copyright © 2025 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Income-Producing Apartment Building in Ignacio

Located in Ignacio, Colorado, just 20 minutes south of Durango, the property at 470 Burns Ave. is a multi-family, income-producing apartment building. The property features six units, each with two bedrooms and one and a half bathrooms, spanning 960 square feet. Centrally located in Ignacio, the apartments are within walking distance of schools, a grocery store, restaurants, and other amenities. The property is situated on a lot of 0.44 acres. The total building size is 5760 square feet. Ignacio is the headquarters of the Southern Ute Indian Tribe, which is the largest employer in La Plata County. The property offers affordable housing solutions for locals and their families. Operating at nearly 100% occupancy throughout the year, 470 Burns Ave. presents a stable investment opportunity. The property offers an approximately 8% cap rate.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Wholesale Shop Pharmacy Gym & Fitness Department Store HVAC Service Restaurant Electrical Service Women's Store Hotel & Motel Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Ignacio
County
La Plata
State
Colorado
Longitude
-107.65
Latitude
37.0891

FAQs

What type of property is this?
Apartment building - Stable, fully occupied apartment building near schools and amenities in Ignacio, CO.
Where is this apartment building located?
The property is located at 470 Burns Ave Ignacio, CO.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: - Stable, income-producing multi-family property with an approximately 8% cap rate.; - Consistently high occupancy rate (nearly 100%) year-round.; - Six units, each with two bedrooms and one and a half baths, and 960 SF.
More about this property
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