$3,800,000
1.58± Acres
Active
Gunnison County, CO
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1412 Gunnison, Gunnison, Colorado

MLS ID: 808556
Status: Active
Price: $3,800,000
Acres: 1.58±
Type:
Address: 1412 Gunnison
City, State: Gunnison, CO
County: Gunnison County
ZIP Code: 81230
Lat/Long: 38.542665, -106.94483
Parcel Number: 378702209097
Listed by: Joe Garcia of Coldwell Banker Mountain Properties
Bathrooms: 9
Year Built: 1982

Description

"Discover a fantastic investment opportunity in beautiful Gunnison, Colorado! This well-maintained multi-family property is situated on a spacious 1.57-acre lot and boasts three separate buildings, each containing four charming and spacious two-bedroom, one-bathroom units. Conveniently located close to downtown Gunnison and only minutes from Western Colorado University, residents will enjoy easy access to shops, restaurants, and local amenities, making this property highly desirable for tenants. The 9500+sqft of building space sits on over 68,000 sqft of land leaving tons of open space and the ability to add another building at 3100+ sqft that would give you sixteen rentable units.The property features mature landscaping and a huge courtyard making these units secluded and give them a nice homey feel. The opportunities for expansion and increased rental income abound on this property. Built in 1982, this property has stood the test of time and has been meticulously maintained throughout the years. Each unit offers comfortable living spaces, a stackable washer/dryer, wood burning stoves and plenty of natural light, creating a warm and inviting atmosphere for residents. This property is immediately income producing priced below replacement cost making this an excellent investment opportunity for savvy investors or those looking to supplement their income. Whether you're an experienced investor or a first-time buyer, this multi-family property offers great potential for both financial growth and stability. Want to guarantee your employees will always have housing and generate income at the same time? This is it and properties like this rarely come along. Owners are the original developers of this property so a very rare opportunity in Gunnison County. This property has been owner occupied to a degree and rented by longterm tenants for under market rates. With minimal updating these units should be renting around $2300-$2500 a month which would make this property generate around $360,000 a year and after expenses and maintenance give this an impressive cap rate around 9% Don't miss out on this incredible chance to own a well-appointed multi-family property in a prime location. Schedule a showing today and see the possibilities that await!"

Additional Information

Interior

Appliances: Cooktop, Dryer, Dishwasher, Disposal, Oven, Range, Refrigerator, Washer
Basement: Crawl Space
Bathrooms Full: 9
Building Area Total: 9,504
Fireplace Features: Living Room, Wood Burning Stove
Fireplace (Yes/no): Yes
Flooring: Carpet, Laminate, Tile, Wood
Furnished: Unfurnished
Heating (Yes/no): Yes
Heating: Baseboard, Electric, Stove
Interior Features: Breakfast Bar, Eatin Kitchen, Kitchen Island, Main Level Master

Exterior

Exterior Features: Deck, Landscaping, Shed
Foundation Details: Permanent
Lot Features: Wooded
Parking Features: Assigned, Gravel, Parking Spaces, One Space
Parking Total: 18
Patio and Porch Features: Covered, Deck
Property Attached: Yes
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Metal
Stories: 2
Water Source: Public
Waterfront: Yes
Waterfront Features: River Access

Financial/HOA/Schools

Days On Market: 3
Elementary School: Gunnison 1-5
Middle School: Gunnison 6-8
High School: Gunnison High 9-12
Zoning Description: Residential Multi Family

Extra Information

Disclosures: Seller Disclosure
Virtual Tour: https://my.matterport.com/show/?m=FLaumR7cM6k&brand=0

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Robert Gash, ALC

Robert Gash, ALC

Cedaredge, Colorado

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Listed By: Joe Garcia of Coldwell Banker Mountain Properties

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