550 Castello AveFairplay, CO 80440

Property Details for 550 Castello Ave

Year built

1912

Lot size

0.34 AC

Property size (Sq ft)

5,302 SF

Property type

Other multifamily properties

Property subtype

Residential income properties

Description

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.

Location Insight

City

Fairplay

County

Park

State

Colorado

Latitude

39.2264

Longitude

-105.999

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