GUNNISON GRAND JUNCTION, CO 81501

Features

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Facts

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Sale Type

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Description

Looking for income opportunity with crazy amounts of CHARACTER? Look no further! This historic 4-plex with vintage character & modern updates is centrally located in the heart of downtown Grand Junction. Nearby to the University & Main Street, you can take advantage of many renting options (both long and short term) in a highly desirable spot. The house underwent a complete, professional renovation starting in 2012 with a new ROOF. Since then, the updates continued with new WINDOWS, ELECTRICAL, PLUMBING, SEWER LINE, DUCTS, 95% efficiency HVAC, reinforced STRUCTURAL & extra INSULATION. Units 2, 3, 4 have been successful short-term rentals since 2018. Units 2 and 3 are upstairs and have a very similar layout. Both include LVP flooring, updated appliances & custom artisan wood x metal finishes (check out the range hoods & sliding barn doors). Unit 3 includes some exposed brick, and both include enclosed porches which have been converted into bedrooms. Unit 4 also has a modern-meets-vintage style and includes a generous walk-in closet. Each unit includes its own bathroom, three-quarter, or full. While these upgraded units feel modern, the owner has blended character x contemporary to give them an aesthetic like none other. Unit 1 features original hardwood floors, high ceilings, two gorgeous, oversized sets of French doors leading to separate front porches, original built-ins and an updated bathroom an opportunity for further updating if desired, but not necessary. The east side entrance provides access for units 1, 2, 3, as well as the common laundry area, while unit 4 has its own access on the west side. There are 4 electric meters, 1 gas meter & 1 water meter. The rustic metal and green wood siding offer a modern contrast that suits this homes vibe and the xeriscaped large lot completes the turnkey, low-maintenance ease. The side/back yard has a large open patio, raised garden beds and mature trees. Generous space out back with tons of parking area, two garages (a single and a double), and shed/storage space. With excellent design and detail incorporated, this is an absolutely unique opportunity that you CANT miss out on! Come see it today!