$1,400,000
For Sale

550 Castello Avenue

Fairplay, CO 80440
5302 sqft | 0.34 acres | #4868028
Listing OfficePaffrath & Thomas Real Estate
Browse 50 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

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.

  • Property Details
      • Utility FeaturesElectricity Connected, Natural Gas Connected, Sewer Connected
      • Lot DescriptionHistorical District
      • Structure TypeFree Standing
      • Sewer InformationPublic Sewer
      • Property SubtypeMulti-Family
      • Original List Price$1,400,000
      • Property TypePurchase
      • Exterior MaterialsBalcony
      • MLS #4868028
      • Cost1400000
      • MLS #4868028
      • Utility SourcePublic
      • Acres0.34
      • Square Feet5302
      • Year Built1912
      • CountyPark
      • Taxes Annual$910

Location

The International Group | RE/MAX ProfessionalsReal Estate Group

Interested in Purchasing 550 Castello Avenue?

Get an estimate on monthly payments on this property.

$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00