Red Lady Realty - Crested Butte, CO

About Crested Butte

In addition to the many areas that are not incorporated, we have two towns that are separate entities with their own elected officials.  The Town of Crested Butte which is an 8 block by 8 block area that is entirely an historic district.  This is where the majority of our restaurants & stores are.  The Town of Mt. Crested Butte is where the ski area and the base area are with ski shops, restaurants, and condos.
 

Crested Butte

The Town of Crested Butte offers many unique and interesting real estate opportunities, including vacant land parcels, condominiums, duplexes, single family homes, and commercial property. Many folks purchasing property in the Crested Butte area prefer being "In Town," for convenience and close proximity to the schools, grocery store, movie theater, shops and restaurants. One can easily walk or bike around town to access almost all services and amenities available. Free transportation to the ski area is available on the Mountain Express bus system, providing service every fifteen minutes during the busy seasons.
 

Additional Crested Butte Information

Here are a few great websites that will give you more information about things to see and do in the Crested Butte area.

VisitCrestedButte.com

crestedbuttechamber.com

G
unnisonCrestedButte.com
 

712 Gothic Avenue, Town of Crested Butte

Price: $ 1,150,000
MLS Number: 729997
Bedrooms: 9
Bathrooms: 6
Square Feet: 3672
Acreage: 0.14
Year Built: 1991
Taxes: $ 2,175.15
County: Gunnison
Listed by: Molly Eldridge

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The long term housing market in the area is tight and this 6 unit building is consistently rented 100% of the time.  With a 6.9% cap rate and 0% vacancy, this is a great opportunity for your 1031 exchange or Crested Butte investment.  As the real estate market continues to improve, the potential for appreciation is high.  This is a great opportunity for a Crested Butte resident to self-manage the building to maintain or improve the cap rate.  Practically everything has been updated in the last 9 years - new roof, new appliances, new windows, new flooring & paint and more.  If you are looking to get your foot in the door of the Crested Butte real estate market, this property is certainly one to consider.

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