For Sale
$1,400,000

550 Castello AveFairplay, CO 80440

Turn-key 5-unit apartment building, high rental income.

Overview

Added:
Feb 3
Days on market:
61
This exceptional 5-unit apartment building, situated at 550 Castello Avenue in Fairplay, CO, presents a remarkable investment opportunity. Spanning over 5,300 square feet on a 0.34-acre lot, this completely remodeled property boasts 13 bedrooms across its five units. Each unit has undergone a recent, comprehensive renovation, featuring brand new kitchens, bathrooms, flooring, paint, lighting, and water heaters. The building's prime location, just 22 miles from Breckenridge Resort and two blocks from Highway 9, ensures consistent, lucrative rental income throughout the year. Recent improvements include a new roof and a full interior remodel, eliminating the need for immediate capital expenditures. Amenities include a shared laundry room, ample parking via a wrap-around driveway, an unfinished basement area, and an on-site dumpster. Unit layouts vary, offering a mix of bedroom and bathroom configurations. Unit 1 (3 bed, 1 bath) and Unit 3 (2 bed, 1.5 bath) offer ground floor access, while Units 2 and 4 (4 bed, 1.75 bath and 2 bed, 1 bath respectively) provide top-floor access with decks. Unit 5 (2 bed, 1 bath) features ground floor access, a mudroom, walk-in pantry, and walk-in closet, along with access to the unfinished basement. Detailed floor plans and virtual tours are available for a comprehensive property overview. This is a truly turnkey investment ready for immediate rental income generation.

Property Details for 550 Castello Ave

Property type
Multifamily properties
Square Feet
5,302 SF
Year Built
1912
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Fairplay
County
Park
State
Colorado
Latitude
39.22641
Longitude
-105.9992
550 Castello Ave, Fairplay, Colorado

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550 Castello Ave
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