518 E Georgia Avenue, Gunnison, CO

$925,000

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6

Beds

5

Baths

3,841

Square feet

0.24

Acres

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.

Listing Office : Bluebird Real Estate, LLC

Features of 518 E Georgia Avenue

MLS® # 804739
Price $925,000
Bedrooms 6
Bathrooms 5.00
Full Baths 4
Square Footage 3,841
Acres 0.24
Year Built 1888
Type Residential
Sub-Type Stick Built
Style Victorian
Status Active

Community Information on 518 E Georgia Avenue

Address 518 E Georgia Avenue
Area Gunnison City
Subdivision Boutcher's Addition
City Gunnison
County Gunnison
State CO
Zip Code 81230

Amenities of 518 E Georgia Avenue

Utilities Electricity Available, Natural Gas Available, Internet, Phone Available
# of Garages 1
Garages Attached Garage

Interior of 518 E Georgia Avenue

Interior Features Window Coverings, Ceiling Fan(s), W/D Hookup
Appliances Refrigerator, Washer, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range/Oven
Heating Electric, Natural Gas
Fireplace Yes
Fireplaces Den
Stories Two Story,Three Story,Finished Attic

Exterior of 518 E Georgia Avenue

Exterior Features Deck, Storage, Landscaping, Lawn Sprinklers
Windows Wood Frames, Double Pane Windows, Single Pane, Vinyl
Roof Metal
Construction Wood
Foundation Basement-below grade, Basement-unfinished

School Information on 518 E Georgia Avenue

Elementary Gunnison 1-5
Middle Gunnison 6-8
High Gunnison 9-12

Additional Information on 518 E Georgia Avenue

Date Listed June 15th, 2023
Zoning Residential Single Family
Data Source Cren MLS

Listing Details of 518 E Georgia Avenue

OfficeBluebird Real Estate, LLC

Listing Map of 518 E Georgia Avenue

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