970.349.6653 \\ 401 Elk Avenue, Crested Butte


212 E Tomichi, Gunnison, CO 81230

Active
$2,400,000

Priced at $2.4 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

MLS#: 779444
0.36 ACRES
YEAR BUILT: 1949
TAXES: $12,284.85

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Listing courtesy of Ryan Jordi
Tava Real Estate

ZONING
Central Business District

REALESTATE INCLUDED
Yes

BUILDING DESCRIPTION
29 Day Rentals

Request More Information on MLS# 779444

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Data last updated on: April 23, 2021

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