$875,000

2050 Highway 135

Gunnison CO, 81230

Description

Prime opportunity to acquire an expansive investment property in the rapidly growing city of Gunnison! This 8 unit, four building residential property is situated on an open 3.4 acres just off of Highway 135, and only 1.5 miles from downtown Gunnison. The four buildings are comprised of a 1,955 square foot fourplex with 1 bed/1 bath apartment units and attached 2-car garage, a 1,133 square foot duplex with 2 bed/1 bath units and attached 1-car garages, a 1,788 square foot 3 bed/2 bath single family home with detached 2-car garage, and a 1,292 square foot 2 bed/2 bath purged manufactured home with a detached 2-car garage. Month to month leases are in place for each unit, except for one side of the duplex that is kept for owner use. The current monthly gross income for the 8 units is $4,310, but this could easily be increased to at least $4,835 by renting the owner occupied side of the duplex at the same rate of the rented side. The property is well known amongst locals and has served as a reliable rental source for years, with vacancy being very rare. The tenants individually pay electric and natural gas, and the owner pays sewer, trash, property insurance and taxes. Snow removal and mowing are taken care of by one of the tenants in exchange for a deduction in rent per occurrence. Just minutes from shops, restaurants, stores, Western Colorado State University, Gunnison-Crested Butte Regional Airport and more, this is the perfect property for anyone looking for a reliable investment property with tons of added potential!

Details

MLS#764938
Listing TypeFor Sale
Sub-TypeResale
StatusPending - Show
Year1972
Days On Site59

Features

SQ Feet6,168
Units8

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Area Information

StateCO
CountyGunnison
CityGunnison
Zip Code81230
AreaGunnison Rural
Listing VS Median (in 81230)
Price:
$875,000
low | high
Med:
$308,876
100% of Average
SqFt:
6,168
low | high
Med:
0
100% of Average
$ / SqFt:
$142
low | high
Med:
$0
100% of Average
On Site:
59
low | high
Med:
191
30.890052356021% of Average
Listing Updated: 01/23/2020
MLS Number: 764938
Listing Provided By:
Makenzie Bowman  of  Signature Properties Ebner Associates LLC



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