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Gunnison,UT 84634
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,432 sqft
Price per Sqft $356
MLS Listing ID 2117797
Style Five-Plex
Bedrooms 6
Year Built 1953
Annual Tax Amount $3,100
Lot Size 2.050 Acres
Property Sub-Type > 4 Units
Property Description
Discover a unique investment opportunity in the heart of historic Gunnison, Utah. This recently updated multi-unit motel sits on a spacious 2-acre lot just off Main Street, offering prime visibility, peace, and small-town charm. The property features four renovated guest rooms, each with new showers, toilets, flooring, paint, and HVAC systems. Nearly every aspect has been refreshed, creating a clean and comfortable stay for guests. The grounds have been enhanced with new landscaping, adding to the property's inviting curb appeal. In addition to the guest rooms, there's a two-bedroom home, ideal for an on-site manager or long-term rental income. At the front of the property sits a commercial storefront facing Main Street, perfect for a hair salon, boutique, office, or any retail business looking for great exposure. This room could also serve as a third bedroom for the on-site Manager. With more than 2 acres of land, there's ample space behind the motel to expand or develop additional units, RV pads, or even tiny homes, offering excellent potential for future growth and increased income. This is a turnkey investment in a peaceful, high-visibility location with multiple income streams and strong upside potential.
Location
State UT
County Sanpete
Area Fayette; Gunnison; Cntrvl; Axtl
Zoning Multi-Family, Commercial, Short Term Rental Allowed
Interior
Heating Gas: Central
Flooring Carpet,Hardwood
Inclusions Dryer, Washer
Exterior
Exterior Feature Out Buildings
Garage Spaces 1.0
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
View Y/N No
Roof Type Asphalt
Building
Lot Description Fenced: Part,Sprinkler: Auto-Full
Sewer Sewer: Connected
Water Culinary,Irrigation
Structure Type Brick
New Construction No
Schools
Elementary Schools Gunnison Valley
Middle Schools Gunnison Valley
High Schools Gunnison Valley
School District South Sanpete
Others
Acceptable Financing Cash,FHA,VA Loan
Listing Terms Cash,FHA,VA Loan