Address: 1000/1010/1020 N Hwy 149
City: Lake City
Square Feet: 6,888±
Garage Spaces: 2
To find out more about this property:
Great investment opportunity. Located along a ridge above the town of Lake City and the banks of the Lake Fork of the Gunnison sits three separate properties on 3.65± acres.
A nicely appointed two story fourplex. Each apartment has its own covered deck or patio with stunning mountain, town and river views. The fourplex has three units with 3 bedrooms, 2 baths and one unit with 2 bedrooms, 1 bath each being 960± square feet. Each apartment has a nice sized living space flowing into the dining and horseshoe style kitchen with nice windows bringing in natural light. The apartments were built in 2000, they have a good steady rental history.
Next is a quaint 957± square foot cottage. A shed roof design with windows across the front allows for lots of natural light to flow through. Inside this cute cozy home is an L-shaped kitchen with a large picture window. The dining and living are open to each other with tongue and groove ceilings and beautiful beams throughout. Off the living is 2 bedrooms and 1 full bath, laundry and storage closet. Outside is incredible views of the mountains, the town of Lake City and a short walk to see the River. Next to the cottage is a poured concrete slab that can be used for building an art studio, garage, or workshop. Loads of possibilities with this quaint diamond in the rough.
At the end of the lane sits a 2,091± square foot stucco home with a 2 car attached garage. The main floor has a powder room, kitchen with lots of cabinets and new appliances and dining area. A nice stacked stone hearth for a wood stove sits between the dining and living space. The living space has lots of natural light through its large front windows and skylights, giving great views of the river and mountains. The second level is home to the master bedroom with ensuite, private deck, and loft/storage area. Three additional bedrooms and bath finish up the second floor. A 525± square foot semi-finished basement, that could be a fantastic wine cellar/tasting room, round out this recently updated property.