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224 5th St - Hugo Railroad Manor 5 Unit Apartment Building Offered at $549,000 Hugo, CO 80821
Investment Highlights
- Located near US Highway 40/287 with easy access to I-70
Executive Summary
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.
Property Facts
| Price | $549,000 | Lot Size | 0.48 AC |
| Price Per Unit | $109,800 | Building Size | 4,398 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 5 | Year Built | 1910 |
| Property Type | Multifamily |
| Price | $549,000 |
| Price Per Unit | $109,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Lot Size | 0.48 AC |
| Building Size | 4,398 SF |
| No. Stories | 2 |
| Year Built | 1910 |
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100
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224 5th St - Hugo Railroad Manor
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