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518 E Georgia Avenue

Gunnison, CO 81230
  • $950,000
  • STATUS: Active
  • ON SITE: 345 Days
  • MLS #: 804738
UPDATED: 168 min ago
$950,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,841
    SQFT
  • $247
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1888
County:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of Bluebird Real Estate, LLC: 970-641-6691.


Description

Welcome to this historic Victorian gem nestled on a generous corner lot adjacent to the picturesque campus of Western Colorado University. This stately residence, proudly facing E Georgia Avenue, is a quintessential Gunnison Victorian, showcasing its timeless elegance and remarkable architecture. Well cared for, it has served as a successful multi-family rental property, boasting a strong rental history and remarkable tenant retention. Spanning three distinct levels, the main house features three individual units, each offering a unique living experience. Should you desire, this property can effortlessly transition into a magnificent primary residence. Outside, you'll find the beauty of mature trees shading the landscape, complemented by an efficient in-ground irrigation system to maintain its lush allure. An elevated deck, complete with finished and heated office or studio space, stands separate from the main house, offering a serene retreat for work or leisure. Convenience and functionality are at the forefront with an attached one-car garage, providing direct access to the main floor one-bedroom residence. This unit showcases a spacious kitchen, inviting living room, and a comfortable primary bedroom, all graced by high ceilings and historic custom woodwork that exude character and charm. A shared entryway and staircase beckons you to explore further, leading to the second-floor two-bedroom unit, followed by a third-floor one-bedroom rental unit. This diversified layout caters to a variety of rental options, making it a versatile investment opportunity. Adjacent to the alley and bordering Westerns campus housing, you'll discover a duplex, offering top and bottom units, along with an attached storage shed and basement access. The exterior of the duplex has been enhanced with new siding and insulation, ensuring year-round comfort. Ample off street parking and storage sheds to provide for the five separate units. This distinguished property stands as a testament to exquisite craftsmanship, featuring handcrafted woodwork and large windows that flood each unit with natural light. The unbeatable location, coupled with in-town living and proximity to the campus, makes it an exceptional investment opportunity in Gunnison. For those seeking more in-depth information, detailed apartment layouts, and financial insights, please do not hesitate to reach out. Experience the charm and grace of this historic Victorian home, where modern living meets timeless elegance.

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-05-26T10:56:25.727.
www.destinationdro.com/homes/140632501
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518 E Georgia Avenue Gunnison, CO 81230

  • Price: $950,000
  • Status: Active
  • On Site: 345 Days
  • Updated: 168 min ago
  • MLS #: 804738
0
Beds
5
Baths
0
½ Baths
0.24
Acres
3,841
SQFT
$247
$/SQFT
1888
Built
Neighborhood:
Boutcher's Addition
County:
Gunnison
Area:
Gunnison City
Elementary School:
Gunnison 1-5
Middle School:
Gunnison 6-8
High School:
Gunnison High 9-12
Property Description
Welcome to this historic Victorian gem nestled on a generous corner lot adjacent to the picturesque campus of Western Colorado University. This stately residence, proudly facing E Georgia Avenue, is a quintessential Gunnison Victorian, showcasing its timeless elegance and remarkable architecture. Well cared for, it has served as a successful multi-family rental property, boasting a strong rental history and remarkable tenant retention. Spanning three distinct levels, the main house features three individual units, each offering a unique living experience. Should you desire, this property can effortlessly transition into a magnificent primary residence. Outside, you'll find the beauty of mature trees shading the landscape, complemented by an efficient in-ground irrigation system to maintain its lush allure. An elevated deck, complete with finished and heated office or studio space, stands separate from the main house, offering a serene retreat for work or leisure. Convenience and functionality are at the forefront with an attached one-car garage, providing direct access to the main floor one-bedroom residence. This unit showcases a spacious kitchen, inviting living room, and a comfortable primary bedroom, all graced by high ceilings and historic custom woodwork that exude character and charm. A shared entryway and staircase beckons you to explore further, leading to the second-floor two-bedroom unit, followed by a third-floor one-bedroom rental unit. This diversified layout caters to a variety of rental options, making it a versatile investment opportunity. Adjacent to the alley and bordering Westerns campus housing, you'll discover a duplex, offering top and bottom units, along with an attached storage shed and basement access. The exterior of the duplex has been enhanced with new siding and insulation, ensuring year-round comfort. Ample off street parking and storage sheds to provide for the five separate units. This distinguished property stands as a testament to exquisite craftsmanship, featuring handcrafted woodwork and large windows that flood each unit with natural light. The unbeatable location, coupled with in-town living and proximity to the campus, makes it an exceptional investment opportunity in Gunnison. For those seeking more in-depth information, detailed apartment layouts, and financial insights, please do not hesitate to reach out. Experience the charm and grace of this historic Victorian home, where modern living meets timeless elegance.
Exterior Features

Acreage Range Less than 1/2 Carport No Garage Yes Garage Type Attached Garage Parking 2-10 Total SpacesGravelOff StreetOn StreetPaved Parking Spaces 8 Property Attached No Property Description Corner Roof Metal Siding OtherWood Stories Finished AtticThree StoryTwo Story Street Description City/TownPaved Style Victorian Water Well No Waterfront YN No

Interior Features

Appliance Inclusions DishwasherDisposalDryerExhaust FanMicrowaveRange/OvenRefrigeratorWasher Dining Breakfast NookEat-in Kitchen Fireplace Den/Family RoomNon functional Flooring CarpetLinoleumWood Foundation Basement Basement-below gradeBasement-unfinished Heating Fuel Source Hot Water BaseboardElectric BaseboardBoiler One Quarter Baths 0 Total Office Dens 0 Unit1 Baths 1 Unit1 Bedrooms 1 Unit2 Baths 1 Unit2 Bedrooms 2 Unit3 Baths 1 Unit3 Bedrooms 1 Unit4 Baths 1 Unit4 Bedrooms 1 Unit5 Baths 1 Unit5 Bedrooms 1

Property Features

Covenants NO Green Certification No Hoa No Horse Setup No Metered Metered for ElectricityMetered for GasMetered for Water Multi Story Yes New Construction YN No Reo Lender Owned No Tax Year 2022 Terms CashConventional Total Electric Meters 5 Total Gas Meters 3 Total Taxes 2832 Total Water Meters 1 Type Fiveplex Unit1 Monthly Rent 1200 Unit2 Monthly Rent 1000 Unit3 Monthly Rent 850 Unit4 Monthly Rent 1000 Unit5 Monthly Rent 1000 Vacancy Factor Prcnt 0 Water Rights No Water Sewer City SewerCity Water Zoning ResidentialResidential Multi Family

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-05-26T10:56:25.727.
 
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Destination DRO Real Estate Group
1163 E 2nd Ave
Durango CO, 81301-5155
Listing courtesy of Bluebird Real Estate, LLC: 970-641-6691.