Gunnison River Home For Sale in Somerset $399,000

River Home For Sale

, C: , bobby, : Situated on the river bank of the North Fork of the Gunnison river just outside of Somerset, Colorado is a unique investment opportunity. Situated on a total of 6.12 acres in a charming valley location is a total of three cabins with beautiful riverfront views. These cabins are all in need of a significant remodel. One of the three residences is currently in decent condition, while the historic cabin and log home are not in livable condition. The property has two total water wells, electric service from DMEA, and fuel source from propane as well as most buildings have wood stoves for supplemental heat. This property is a candidate for a remodel into a short term rental property or retreat. Great areas along the riverfront can be cleared to put fire pits or other areas. Property assets include: oCabin 1 (red cabin) - 1940 built - 2 bed / 1 bath - 728 square feet (988 sq ft basement) - forced air heat - riverfront views oCabin 2 (log cabin) - 1939 built - Two stories - 2 bed / 1 bath - 1,900 square feet (small basement) oCabin 3 (livable structure) - 1939 built - Remodeled 1970 - 2 bed / 1 bath - 915 square feet - 3 car garage oTwo (2) domestic water wells oTwo (2) septic tanks oPropane tank (leased) This property will NOT pass FHA Lending, and traditional lending will be difficult to acquire. Cash or 1031 preferred. Listing brokers are assembling well information, new ILC survey, and having both septic tanks pumped and inspected (as required by Gunnison County for title transfer). Current owner has a recent appraisal in hand.