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550 Castello Avenue, Fairplay, CO – $1,400,000

  • $1.4M Price
  • 5,302 Sqft
  • .34 Acres
  • $1.4M Price
  • 5,302 Sqft
  • .34 Acres

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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.

Listing Office: Paffrath & Thomas Real Estate

Essential Information

  • MLS® #4868028
  • Price$1,400,000
  • Bathrooms0.00
  • Square Footage5,302
  • Acres0.34
  • Year Built1912
  • TypeCommercial Sale
  • Sub-TypeMulti-Family
  • StatusActive
  • FeaturesLaundry, Wi-Fi

Community Information

  • Address550 Castello Avenue
  • CityFairplay
  • CountyPark
  • StateCO
  • Zip Code80440

Amenities

Utilities

Electricity Connected, Natural Gas Connected, Sewer Connected

Parking

Circular Driveway, Driveway-Gravel

Exterior

  • Exterior FeaturesBalcony
  • Lot DescriptionHistorical District
  • RoofArchitecural Shingle

Additional Information

  • Date ListedJanuary 24th, 2025

Listing Details

  • Paffrath & Thomas Real Estate
  • Office Contactkevin@ptbreck.com,970-485-4665
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Listing information last updated on February 4th, 2025 at 12:48pm MST.