224 5th St - Multi-Family FOR SALE


Hugo, CO 80821
$549,000 USD
719-740-1361
224 5th St, Hugo, CO for Sale
$549,000 USD
Multi-Family - FOR SALE
1/47
null | Request Cap Rate

224 5th St
Hugo, CO 80821


HIGHLIGHTS

  • Located near US Highway 40/287 with easy access to I-70

OVERVIEW

Unique opportunity to own a spacious, fully furnished two-story home in Hugo, Colorado, currently operated as a bed and breakfast. Situated on 21,000 sq. ft. this property offers 4398 total sq. ft. The home features 5 bedrooms and 3 bathrooms, with a functional layout that allows for both private living and guest accommodations. The main floor (1,310 sq. ft.) is well-suited for owner occupancy with its own kitchen, master bedroom, and 1.5 bathroom, while the upper level (1,292 sq. ft.) includes four bedrooms, two bathrooms and a kitchenette space currently used for rental purposes. Additional features include shared dining room, formal living room, and enclosed front porch space. There is an unfinished back porch and unfinished basement offering storage or future expansion potential. Recent improvements completed in 2025 include a new roof, new siding, and a new accessibility ramp. Currently listed on Furnished Finder, this property offers flexibility for continued use as a bed and breakfast, short- or mid-term rental, or as a primary residence. The layout supports an owner-operator setup with separate living quarters and income-producing space. Conveniently located in the town of Hugo with access to US Highway 40/287 and within reasonable distance to Limon and Denver, providing accessibility for travelers and extended-stay guests. Step into a fully operational, turnkey opportunity with endless potential.

FOR SALE DETAILS

PRICE

$549,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

5

PRICE/UNIT

$109,800

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hugo Railroad Manor

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

21,000 SF

ZONING

-

APN/PARCEL ID

279732230012 & 279732230011

ASK ABOUT THIS PROPERTY

Timothy AndersenGordon Real Estate GroupMore Info
719-740-1361

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Timothy AndersenGordon Real Estate GroupMore Info
719-740-1361

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.