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550 castello avenue fairplay, CO 80440

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$1,400,000

Beds: 13
Baths: 7
Fin SqFt: 5302
MLS Number:
3747128

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Est. $7,932 / month

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Description:
Exceptional investment opportunity in the heart of Fairplay! This fully remodeled, turn-key five-unit apartment style building offers immediate income potential in one of Colorado's fastest-growing mountain communities. Rich in local history, 550 Castello Avenue has been extensively renovated over the past several years, blending historic character with modern updates to create an attractive, low-maintenance asset. The property encompasses more than 5,300 square feet and features five spacious apartments totaling 13 bedrooms. Every unit has been thoughtfully updated with new kitchens, remodeled bathrooms, updated flooring, fresh interior paint, modern lighting, new water heaters, and numerous additional improvements. A new roof further enhances the property's long-term value, allowing investors to focus on generating income rather than deferred maintenance. Ideally situated just two blocks from Highway 9 and only 22 miles from world-renowned Breckenridge Resort, the location offers year-round rental demand driven by recreation, tourism, and the growing local workforce. Additional amenities include a common-area laundry room, abundant off-street parking with a wraparound driveway, an unfinished basement providing additional storage or future potential, and an on-site dumpster. Unit 1 offers 3 bedrooms, 1 bathroom, a dining room, mudroom, and ground-level access. Unit 2 features 4 bedrooms, 1¾ bathrooms, and an upper-level deck. Unit 3 includes 2 bedrooms, 1½ bathrooms, an office, and ground-level access. Unit 4 offers 2 bedrooms, 1 bathroom, a dining area, and an upper-level deck. Unit 5 features 2 bedrooms, 1 bathroom, a mudroom, walk-in pantry, walk-in closet, unfinished basement access, and ground-level entry. Whether you're expanding your portfolio or seeking a high-performing mountain investment, this rare multi-family opportunity is ready to produce income from day one. See attached floor plans and Matterport tours for additional details.

Status: Active

Listing Office:
paffrath & thomas real estate

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The Brian Petrelli Team is your Clark And Bogue, fairplay home specialist.

Our team of local fairplay experts have over 200 years of combined expertise in the Colorado Real Estate market. Give us a call today to put our knowledge and experience to work for you as you buy or sell your next Clark And Bogue home.

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Homes Near 550 Castello Avenue Fairplay, Co 80440

550 castello avenue
fairplay 80440
Status: Active

$1,400,000.00
Beds: 13 Baths: 7
MLS #:3747128
Listing Office:
paffrath & thomas real estate

756 sheep ridge road
fairplay 80440
Status: Coming Soon

$1,225,000.00
Beds: 4 Baths: 3
MLS #:3347767
Listing Office:
homes and lifestyles of co

211 foxtail court
fairplay 80440
Status: Active

$1,450,000.00
Beds: 5 Baths: 4
MLS #:6100972
Listing Office:
re/max properties of the summit

180 zebulon court
fairplay 80440
Status: Active

$1,350,000.00
Beds: 4 Baths: 3
MLS #:2494513
Listing Office:
breckenridge real estate group llc

3418 high creek road
fairplay 80440
Status: Active

$1,255,000.00
Beds: 4 Baths: 5
MLS #:7495467
Listing Office:
coldwell banker realty bk

62 lazy rex road
fairplay 80440
Status: Active

$1,450,000.00
Beds: 3 Baths: 4
MLS #:1789414
Listing Office:
summit real estate-the simson group

Want to see more properties in Clark And Bogue , fairplay or the surrounding areas? Email us for a full list at properties@petrelliteam.com.

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Call us today and find out why we're leaders for Houses in fairplay, Colorado and the most most qualified REALTORS in Clark And Bogue. We can show you any available home in fairplay, Colorado and provide you with the expertise and knowledge to make sure you get the best value for your money. In addition, we have access to $0 down mortgage programs to make financing easier. What are you waiting for? Call us today!
303-726-1874

The content relating to real estate for sale in this web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than The Brian Petrelli Team are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

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