Listing courtesy of Signature Properties Ebner & Associates, Llc.
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 ($1925/mo total), a 1,133 square foot duplex with 2 bed/1 bath units and attached 1-car garages ($525/mo), a 1,788 square foot 3 bed/2 bath single family home with detached 2-car garage ($1,030/mo), and a 1,292 square foot 2 bed/2 bath purged manufactured home with a detached 2-car garage ($830/mo). 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 rate of the rented side, $525/mo. 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 $65 deduction in rent per each 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!
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