236 Gunnison Avenue
Property Description
**LIVE IN ONE-COLLECT $27,000/YEAR FROM THE OTHER TWO!** 236 Gunnison Avenue offers a rare **multi-generational and income-producing opportunity in Downtown Grand Junction**, with three distinct living spaces and two already generating rental income. The updated **main-level residence features 2 bedrooms and 2 bathrooms**, blending modern improvements with the character and charm of an established downtown home. The **lower-level unit has a private entrance, 1 bedroom, 1 bathroom, and kitchenette** and currently rents for **$1,100/month**. The tenant has been in place approximately four years and would like to stay. The basement bedroom is **non-conforming due to the existing non-egress window**. The **detached ADU** adds another 1 bedroom, 1 bathroom, and kitchenette and currently rents for **$1,150/month**, with that tenant also interested in staying. That means the two secondary living spaces currently produce **$2,250/month-or $27,000/year in gross rental income-while leaving the updated 2-bedroom, 2-bath main residence available for the owner.** For an investor, the main residence creates additional income potential beyond the existing $27,000 annual rent. Whether you're looking to **offset your mortgage with rental income, create a multi-generational living arrangement, or add a versatile Downtown Grand Junction property to your investment portfolio**, the numbers and flexibility make this one stand out. Well maintained, updated, and ready to go, with convenient access to **Downtown Grand Junction, Colorado Mesa University, restaurants, shopping, parks, and entertainment.** **Three living spaces. Two existing tenants. $2,250/month in current rent. $27,000/year gross income before considering the main residence. This is a must-see opportunity.**
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $683,000 |
| No. of Units: | 3 |
| Year Built: | 1939 |
| Lot Size: | 1,978.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $227,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 4 |
ID: 3yd-GJARACO-20264563
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