Welcome to 221 N Teller Street, a beautifully renovated property offering exceptional versatility in one of Gunnison's most desirable locations. Situated adjacent to Western Colorado University and just blocks from downtown Gunnison, this unique property presents an outstanding opportunity for homeowners, investors, or those seeking flexible living arrangements with income potential. Extensively remodeled in recent years, the home is currently configured as a duplex but can easily function as a spacious single-family residence. The thoughtful renovations have created multiple living spaces that can adapt to a variety of needs, whether you're seeking rental income, multi-generational living, guest accommodations, home office space, or room to grow. The main residence welcomes you with a bright, open-concept floor plan centered around a stunning chef's kitchen. Completely updated, the kitchen features quartz and butcher block countertops, a large center island, abundant cabinetry, and stainless steel appliances. The adjoining living and dining areas create an inviting gathering space filled with natural light from newer windows throughout the home. The main level offers three comfortable bedrooms, two fully renovated bathrooms, and a convenient laundry closet. Updated hot-water baseboard heating provides efficient comfort, while a heated towel rack adds a touch of luxury to the primary bathroom. The lower level has been transformed into a bright and inviting lock-off apartment with its own private entrance. Unlike many basement living spaces, this apartment feels open and welcoming with generous natural light, spacious bedrooms, and a beautifully updated eat-in kitchen featuring butcher block countertops, stainless steel appliances, abundant storage, and modern finishes. Two large bedrooms, a full bathroom, and comfortable living area make this an ideal setup for long-term tenants, visiting family, or supplemental rental income. A recently completed breezeway addition seamlessly connects the home, basement, and garage while adding significant functionality to the property. This space includes an additional full bathroom and laundry area, further enhancing the flexibility of occupancy and creating separation between living spaces when desired. The one car garage has been thoughtfully improved to create even more usable square footage. The ground-level garage space features custom cabinetry, a modern glass garage door, and a natural gas fireplace, making it suitable for heated storage, a workshop, recreation room, fitness space, or creative studio. Above the garage, a finished loft with vaulted ceilings and abundant natural light currently serves as an office but could easily function as a guest suite, hobby room, artist studio, or additional sleeping quarters. Outside, the corner lot provides privacy and usability with newer fencing, mature shade trees, and ample outdoor space for entertaining, gardening, or simply enjoying Gunnison's beautiful mountain climate. The main floor has been tastefully furnished for short term rental use, this portion is offered furnished for a truly turnkey experience. T 221 N Teller represents a rare opportunity to purchase a move-in-ready property with extensive renovations, multiple living configurations, and outstanding income potential. Whether utilized as a primary residence, investment property, house-hack opportunity, or combination of all three, this property offers a level of flexibility that is increasingly difficult to find in today's market.