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Mike Knapp

[email protected] +1(970) 903-3431

$ 895,000

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Price Dropped by $30K

518 E Georgia Avenue Gunnison, CO 81230

6 Beds

5 Baths

3,841 SqFt

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Key Details

Property Type Multi-Family

Sub Type Fiveplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,841 sqft

Price per Sqft $233

Subdivision Boutcher'S Addition

MLS Listing ID 804738

Style Victorian

Bedrooms 6

Full Baths 4

Three Quarter Bath 1

Year Built 1888

Annual Tax Amount $2,917

Tax Year 2024

Lot Size 10,454 Sqft

Acres 0.24

Property Sub-Type Fiveplex

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 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.

Location

State CO

County Gunnison

Zoning Residential,Residential Multi Family

Rooms

Basement Basement-below grade, Basement-unfinished

Dining Room Breakfast Nook, Eat-in Kitchen

Interior

Flooring Carpet, Linoleum, Wood

Fireplaces Type Den/Family Room, Non functional

Inclusions Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range/Oven, Refrigerator, Washer

Furnishings Unfurnished

Exterior

Parking Features Attached Garage

Garage Spaces 1.0

Roof Type Metal

Building

Story Finished Attic, Three Story, Two Story

Foundation Basement-below grade, Basement-unfinished

Sewer City Sewer, City Water

Water City Sewer, City Water

New Construction No

Schools

Elementary Schools Gunnison 1-5

Middle Schools Gunnison 6-8

High Schools Gunnison High 9-12

Colorado Real Estate Network (CREN) + Sold

Listed by Bluebird Real Estate, LLC

Mike Knapp

EC.ER10018815

+1(970) 903-3431

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Pagosa Springs, CO

Mike Knapp

518 E Georgia Avenue Gunnison, CO 81230

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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518 E Georgia Avenue