518 E Georgia Avenue, Gunnison, CO, 81230
MLS #804739 | $995,000
About 518 E Georgia Avenue
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.
Courtesy of Bluebird Real Estate, LLC
- Bedrooms: 6
- Bathrooms: 5
- Appliances: Refrigerator, Washer, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range/Oven
- Flooring: Carpet-Partial, Hardwood, Linoleum
- Heating: Electric, Natural Gas
- Interior Inclusions: Window Coverings, Ceiling Fan(s), W/D Hookup
- Zoning: Residential Single Family
- Size: 0.24 Acres
- Exterior Inclusions: Deck, Shed/Storage, Landscaping, Lawn Sprinklers
- Garage: Attached Garage
- Siding: Wood, Other
- Roof: Metal
- Elementary School: Gunnison 1-5
- Middle School: Gunnison 6-8
- High School: Gunnison 9-12
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Data last updated on: 2024-01-29 17:17:56