$950,000
0.24± Acres
Active
Gunnison County, CO

518 Georgia, Gunnison, Colorado

MLS ID: 804738
Status: Active
Price: $950,000
Acres: 0.24±
Type: Multi-Family
Address: 518 Georgia
City, State: Gunnison, CO
County: Gunnison County
ZIP Code: 81230
Parcel Number: 370136407004
Listed by: Brian Cooper of Bluebird Real Estate, Llc
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, Eatin 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: 336
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
Robert Gash, ALC

Robert Gash, ALC

Cedaredge, Colorado

(970) 986-2955

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Listed By: Brian Cooper of Bluebird Real Estate, Llc