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Liz Kozar

[email protected] +1(970) 775-0025

$ 1,400,000

Est. payment | -/mo

13 Beds

7 Baths

5,302 SqFt

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$ 1,400,000

Est. payment | -/mo

Save Virtual Tour

13 Beds

7 Baths

5,302 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 5,302 sqft

Subdivision Clark And Bogue

MLS Listing ID IRE3747128

Bedrooms 13

Full Baths 5

Half Baths 1

Three Quarter Bath 1

HOA Y/N No

Year Built 1912

Annual Tax Amount $3,241

Tax Year 2025

Lot Size 0.340 Acres

Acres 0.34

Property Sub-Type Single Family Residence

Source ires

Property 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, 13/4 bathrooms, and an upper-level deck. Unit 3 includes 2 bedrooms, 11/2 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.

Location

State CO

County Park

Community Clark And Bogue

Area Out Of Area

Direction From HWY 9 in Fairplay, turn North onto Fifth Street. Turn Right onto Castello Avenue. Property located on the left, with parking available in front of the building.

Rooms

Basement Partially Finished

Interior

Heating Forced Air

Cooling Ceiling Fan(s)

Appliance Dishwasher, Refrigerator, Washer, Dryer, Microwave, Fire Alarm

Exterior

Parking Features Off Street

Garage Spaces 10.0

Utilities Available Natural Gas Available, Electricity Available, Cable Available

View Y/N Yes

View Mountain(s), City

Roof Type Fiberglass

Porch Deck

Garage Yes

Building

Sewer Public Sewer

Water City

Level or Stories Two

Structure Type Stucco,Concrete

New Construction false

Schools

Elementary Schools Edith Teter

Middle Schools South Park

High Schools Park County Re-2

School District Park County Re-2

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://my.matterport.com/show/?m=D4CA4spSdZ2

Information and Real Estate Services (IRES)

Listed by Kevin Broadrick

NEARBY SCHOOLS & PROPERTIES

+1(970) 775-0025

[email protected]

457 East Wonderview

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Colorado

550 Castello Fairplay, CO 80440