550 Castello Avenue

Fairplay, CO 80440
Square Ft.
5,302
$1,400,000
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, totalingRead MoreRead Less
Market LogoCourtesy of Paffrath & Thomas Real Estate [email protected]
Listing Snapshot
Days Online
263
Last Updated
Property Type
Multi-Family
Square Ft.
5,302
Lot Size
0.34 Acres
Year Built
1912
MLS Number
4868028
30 Days Snapshot Of 80440
$778k
+28%
(avg) sold price
10
0%
homes sold
115
+25%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: "Public", "Year Round", Road Responsibility: "Public Maintained Road", Road Surface Type: "Gravel"
Building
Construction Materials: "Stucco", Effective Year Built: 2024, Features: "Laundry", "Wi-Fi", Occupant Type: Tenant (Multiple), Stories: 3, Structure Type: "Free Standing", Total Area: 5302, Unit Count: 5, Unit Types: "Array", "Array", "Array", "Array", "Array", Built in 1912, 5 total units, 1 vacant unit
Expenses
Operating Expense Includes: "Insurance", "Internet", "Real Estate Tax", "Utilities", Projected Annual Expense: $19,723
Exterior Features
Features: "Balcony"
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Projected Annual Net Income: $105,107, Projected Gross Income: $131,400
Lot
Acres: 0.34, Area: 0.34, Features: "Historical District", Parcel Number: 339, Square Feet: 14810.4
Energy Saving
Green Verification Count: 0
Owner Pays
Owner Pays: "Electricity", "Internet", "Taxes", "Trash Collection", "Water"
Parking
Parking Total: 0, Carport Spaces: 0, Offstreet Spaces: 0, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1, Features: "Circular Driveway", "Driveway-Gravel"
Property
Current Use: "Multi-Family", Property Sub Type: Multi-Family
Roof
Roof: "Architecural Shingle"
Security Features
Features: "Carbon Monoxide Detector(s)", "Fire Alarm"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 910, Legal Description: T09 R77 S33 NE4 FAIRPLAY CLARK AND BOGUES BLOCK 09 LOT 07 THRU 10, Tax Year: 2023
Tenant Pays
Tenant Count: 0, Tenant Pays: "Cable TV", "Gas"
Utilities
Electric: "110V", "220 Volts", Power Production Count: 0, Utilities: "Electricity Connected", "Natural Gas Connected", "Sewer Connected", Water Included, Water Source: "Public"
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Sarah Manshel
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Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.