550 Castello Avenue, Fairplay, CO

$1,400,000

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5,302

Square feet

0.34

Acres

About 550 Castello Avenue

5-unit apartment building located in the Town of Fairplay, CO! This remodeled, turn-key property is an investor's dream. 550 Castello Avenue has amazing history, and has undergone a major renovation over the past couple years. The building consists of over 5,300 square feet, with 5 apartments, totaling 13 bedrooms. Each unit boasts new kitchens, bathrooms, flooring, paint, lighting, water heaters, and various other upgrades. Located just 22 miles from world renowned Breckenridge Resort, and 2 blocks from HWY 9, this property is designed to offer consistent and lucrative rentals income year-around. All of the hard work has been done, with the installation of a new roof and full interior remodel. Start renting today! Some of the other great features of this property include, a common-area laundry room, wrap around driveway with abundant parking, unfinished basement area, and on-site dumpster. Unit 1 includes 3-bedrooms, 1-bathroom, mud room, dining room, and ground floor access. Unit 2 includes 4-bedrooms, 1 3/4-bathooms, top floor access with deck. Unit 3 includes 2-bedrooms, 1 1/2-bathrooms, office, and ground floor access. Unit 4 includes 2-bedrooms, 1-bathroom, dining room, top floor access, and deck. Unit 5 includes 2-bedrooms, 1-bathroom, mud room, walk-in pantry, walk-in closet, unfinished basement. and ground floor access. See attached floorplans and Matterport tours for more details.

Features of 550 Castello Avenue

MLS® # 4868028
Price $1,400,000
Bathrooms 0.00
Square Footage 5,302
Acres 0.34
Year Built 1912
Type Commercial Sale
Sub-Type Multi-Family
Status Active
Features Laundry, Wi-Fi

Community Information

Address 550 Castello Avenue
City Fairplay
County Park
State CO
Zip Code 80440

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected
Features Laundry, Wi-Fi
Parking Circular Driveway, Driveway-Gravel
Is Waterfront No
Has Pool No

Interior

Fireplace No

Exterior

Exterior Features Balcony
Lot Description Historical District
Roof Architecural Shingle

Additional Information

Date Listed January 24th, 2025
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficePaffrath & Thomas Real Estate
Contact Infokevin@ptbreck.com,970-485-4665

Listing Map

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