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About This Home
This 0-bedroom, 0-bathroom commercial at 502 W Main Street in New Castle, CO is listed for $1,450,000. on a N/A lot.
Commercial and Multi-Family/Short Term Rental Investment property in the desirable mountain town of New Castle, CO! Located downtown on Main Street, this property could be a possible work-live scenario, or be used strictly for investment with a current cap rate of over 9.22% if ran as an STR operation.
Pro-Forma Cap is nearly at 12% if converted to long term rentals. All FF&E and furnishings included! Property has 7 individual residential units used for Short Term Rentals currently (AirBNB / VRBO), as well as a commercial unit on main level with infrastructure for a restaurant, but currently leased to a Salon through 2029.
The entire property has been remodeled and updated, and comes turn-key with all furnishings, equipment and FF&E used for the short-term rental business. Rare property to find in a quickly appreciating.
Monthly Cost Estimate
$7,755/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
502 W Main Street
New Castle, CO 81647
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 502 W Main Street is listed at $1,450,000. The estimated monthly payment is $6,283 based on 20% down at 6.5% interest.
This property is listed by Kyle Serrano and can be reached at 9707780796 or kyle@venturegj.com.