236 Gunnison Avenue
Overview
**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.**
Details
General
- Type
- Multi-family
- Bedrooms
- 4
- Square footage
- 1,978 sq. ft.
- Lot size
- 7,405 sq. ft.
- Year built
- 1939
- Pool
- No
Listing information
- MLS #
- 20264563
- APN
- 294514223012
- Listing provided by
- RE/MAX 4000, INC
- Attribution Contact
- +19706404322
- Status
- Active
Location
- Neighborhood
- City Of Grd Jct
- County
- Mesa
- Address
- 236 Gunnison Avenue, Grand Junction, CO 81501