$925,000

0.24± Acres

Active

Gunnison County, CO

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518 Georgia, Gunnison, Colorado

MLS ID: 804738

Status: Active

Price: $925,000

Acres: 0.24±

Type: Multi-Family

Address: 518 Georgia

City, State: Gunnison, CO

County: Gunnison County

ZIP Code: 81230

Lat/Long: 38.54685, -106.920784

Parcel Number: 370136407004

Listed by: Brian Cooper

Bathrooms: 5

Year Built: 1888

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 Western’s 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.

Additional Information

Interior

Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Range, Refrigerator, Washer

Attached Garage (Yes/no): Yes

Basement (Yes/no): Yes

Basement: Unfinished

Bathrooms Full: 4

Building Area Total: 3,841

Fireplace Features: Decorative, Family Room

Flooring: Carpet, Linoleum, Wood

Furnished: Unfurnished

Garage (Yes/no): Yes

Garage Spaces: 1

Heating (Yes/no): Yes

Heating: Baseboard, Electric, Hot Water

Interior Features: Breakfast Area, Ceiling Fans, Eat In Kitchen, Attic

Exterior

Architectural Style: Victorian

Exterior Features: Deck, Fence, Sprinkler Irrigation, Landscaping, Shed

Fencing: Privacy

Lot Features: Corner Lot

Parking Features: Attached, Garage, Gravel, Off Street, Paved, Parking Spaces, On Street

Parking Total: 8

Patio and Porch Features: Deck

Road Frontage Type: City Street

Road Surface Type: Paved

Roof: Metal

Stories: 2

Water Source: Public

Window Features: Window Coverings

Financial/HOA/Schools

Days On Market: 471

Elementary School: Gunnison 1-5

Middle School: Gunnison 6-8

High School: Gunnison High 9-12

Subdivision Name: Boutcher's Addition

Zoning Description: Residential Multi Family, Residential

Extra Information

Disclosures: Lead Based Paint Disclosure, Seller Disclosure

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Jake Hubbell

Hotchkiss, Colorado

(970) 250-9396

Interested? Contact Us Today About This Listing

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Listed By: Brian Cooper

518 Georgia, Gunnison, Colorado

Description

Additional Information

Maps

Jake Hubbell

Interested? Contact Us Today About This Listing

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