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    212 E Tomichi Avenue

    Gunnison, CO 81230
    • $1,999,950
    • STATUS: Active
    • ON SITE: 147 days
    • MLS #: 779444
    UPDATED: 58 min ago
    $1,999,950
    • 0
      BEDS
    • 0.36
      ACRES
    • 18
      BATHS
    • 9
      1/2 BATHS
    • 10,418
      SQFT
    • $192
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1949
    County:

    School Ratings & Info

    Listing courtesy of Tava Real Estate.


    Description

    Priced at $2.3 million dollars with a gross annual income of over $250,000 and potential for more! Great investment opportunity in the Gunnison Central Business District on US Highway 50. ABC Suites has been run as a hotel for many years and recently changed to long terms stays. There are 28 different size units: Queen bed, King bed, Double Queen beds, Three double bed unit and 2 apartments (one with 2BR, 2bath and the other with 2BR/1 bath). All units are fully furnished including small refrigerators, microwaves and coffee makers. Large off street asphalt parking lot. Location: Beautiful sunny southern views from all units, just 1.5 blocks from downtown Main Street, restaurants, shops, a few blocks from Western Colorado University and Gunnison Valley Hospital, less than 1 mile away from the airport, and 20-minute drive to Crested Butte ski resort or take a free bus 2 blocks away. Updates since purchased in 2018: Tenant laundry facility with coin operated machines Communal kitchen with dining facility Outdoor BBQ area Lobby - updated to accommodate various uses Plumbing - Installed a backflow water valve to be in compliance with City regulations. Future growth: Zoned in IRS Opportunity and Colorado Enterprise Zone, the Central Business District allows for mixed used, residential and commercial. Items Included: - All units furnishings - Main laundry facility commercial machines - Tenants laundry facility coin operated machines - All bedding and towels use for hotel set up - All appliances and furniture in communal kitchen - Picnic area BBQ pits, table, umbrella and chairs

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    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2021. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
    FULL CREN Disclaimer

    Real Estate listings held by companies other than Dawn Howe Group | Keller Williams Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2021-08-03T14:56:32.743.
    www.crestedbutteliving.com/homes/114882644
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    212 E Tomichi Avenue Gunnison, CO 81230

    • Price: $1,999,950
    • Status: Active
    • Updated: 58 min ago
    • MLS #: 779444
    0
    Beds
    18
    Baths
    9
    ½ Baths
    0.36
    Acres
    10,418
    SQFT
    $192
    $/SQFT
    1949
    Built
    Neighborhood:
    Gunnison City
    County:
    Gunnison
    Area:
    Gunnison City
    Property Description
    Priced at $2.3 million dollars with a gross annual income of over $250,000 and potential for more! Great investment opportunity in the Gunnison Central Business District on US Highway 50. ABC Suites has been run as a hotel for many years and recently changed to long terms stays. There are 28 different size units: Queen bed, King bed, Double Queen beds, Three double bed unit and 2 apartments (one with 2BR, 2bath and the other with 2BR/1 bath). All units are fully furnished including small refrigerators, microwaves and coffee makers. Large off street asphalt parking lot. Location: Beautiful sunny southern views from all units, just 1.5 blocks from downtown Main Street, restaurants, shops, a few blocks from Western Colorado University and Gunnison Valley Hospital, less than 1 mile away from the airport, and 20-minute drive to Crested Butte ski resort or take a free bus 2 blocks away. Updates since purchased in 2018: Tenant laundry facility with coin operated machines Communal kitchen with dining facility Outdoor BBQ area Lobby - updated to accommodate various uses Plumbing - Installed a backflow water valve to be in compliance with City regulations. Future growth: Zoned in IRS Opportunity and Colorado Enterprise Zone, the Central Business District allows for mixed used, residential and commercial. Items Included: - All units furnishings - Main laundry facility commercial machines - Tenants laundry facility coin operated machines - All bedding and towels use for hotel set up - All appliances and furniture in communal kitchen - Picnic area BBQ pits, table, umbrella and chairs
    Exterior Features

    Acreage Range .5-.99 Carport No Lot Dimension 125 X 125 Parking PavedOff Street20 + Total Spaces Parking Spaces 20 Property Attached No Property Description Other Roof Metal Sewer Public Sewer Installed Stories 2 Street Description City/TownState Highway Water Public Water Well No Waterfront YN No

    Interior Features

    Cooling Type Window A/C Unit(S) Finished Sq Ft 10418 Flooring CarpetVinyl Foundation Basement-Below GradeBasement-Partial FinishConcreteOther Heating Fuel Source Natural Gas One Quarter Baths 1 Total Offices 1

    Property Features

    Available Utilities CableElectricInternetNatural GasWater Books Available Yes Cam No Cap Rate Percent 10.07 Covenants No Current Business Long Term Stays Current Use LodgingMixed Use Desc Of Business 29 Day Rentals Disclosures Lead Base Paint Documents On File Profit/LossSite Plan/Ilc Enterprise Zone Yes Exchange Trade No Existing Utilities ElectricInternetNatural GasSanitary SewerWater Fixtures Included Yes Gross Annual Expenses 56000 Gross Scheduled Income 257655 Inventory Included Yes Landlord Pays Building InsuranceCommon Area MaintenanceElectricExt Maintenance (Bldg)GasInterior MaintenanceReal Estate TaxesSewer/WaterSnow RemovalTrash Lease Included No Net Operating Income 201450 New Construction YN No Owners Association No Possible Property Use LodgingMixed-UseMulti-Flex/R &Amp; DSpecial Use Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2020 Tenant Pays None Total Taxes 12284.85 Type Multi-Use Variable Rate No Water Rights No Zoning Type BusinessCommercialMixed Use

    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2021. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
    FULL CREN Disclaimer

    Real Estate listings held by companies other than Dawn Howe Group | Keller Williams Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2021-08-03T14:56:32.743.
     
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    Dawn Howe Group | Keller Williams Realty
    218 Maroon Ave. Unit C
    Crested Butte CO, 81224
    Listing courtesy of Tava Real Estate.