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$ 4,300,000
Est. payment | /mo
18,936 SqFt
$ 4,300,000
Est. payment | /mo
18,936 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,936 sqft
Price per Sqft $227
MLS Listing ID 7072092
Style Traditional
HOA Y/N No
Year Built 2006
Annual Tax Amount $15,031
Tax Year 2024
Lot Size 0.624 Acres
Acres 0.62
Property Sub-Type Multi Family
Source recolorado
Property Description
The Fountain Village Townhomes consist of 13 individually deeded units, centrally located in the historic downtown district of Fountain, Colorado. Completed in 2021, this serves as a unique opportunity to acquire modern townhomes within one of Colorado's fastest-growing MSA. The property was originally developed as a build-to-rent (BTR) community, offering investors the operational simplicity of multifamily with the exit flexibility of individual unit sales.
The unit mix includes five (5) 3-bedroom, 2.5-bathroom and eight (8) 3-bedroom, 3-bathroom floorplans. All units include private entries and attached two-car garages, with corner units offering patio areas and sliding glass doors. Six of the townhomes feature private decks. Interior upgrades include stainless steel appliances, new kitchen hardware, modern countertops, vinyl flooring throughout, as well as updated bathroom tiles and fixtures.
Each townhome is equipped with independent forced-air heating and central air conditioning, with all utilities separately metered and billed directly to tenants. Recent capital improvements include brand-new Class 4 asphalt shingle roofing. An HOA is established but remains under the control of current ownership, resulting in no monthly payment obligation. Each unit is currently renting well below market rates, providing an investor with the opportunity to recapture upside with minimal sweat-equity.
Fountain, Colorado is a growing community in the southern pocket of the Colorado Springs MSA. Known for its scenic views of Pikes Peak and the Front Range, Fountain offers rolling hills, parks, trails, and a rich agricultural history. The city combines the charm of small-town living with access to quality restaurants, retail, and urban conveniences. Multifamily development in Fountain remains supply constrained, with limited new construction and high barriers to entry for larger-scale projects. This dynamic supports long-term rent growth and demand stability.
The unit mix includes five (5) 3-bedroom, 2.5-bathroom and eight (8) 3-bedroom, 3-bathroom floorplans. All units include private entries and attached two-car garages, with corner units offering patio areas and sliding glass doors. Six of the townhomes feature private decks. Interior upgrades include stainless steel appliances, new kitchen hardware, modern countertops, vinyl flooring throughout, as well as updated bathroom tiles and fixtures.
Each townhome is equipped with independent forced-air heating and central air conditioning, with all utilities separately metered and billed directly to tenants. Recent capital improvements include brand-new Class 4 asphalt shingle roofing. An HOA is established but remains under the control of current ownership, resulting in no monthly payment obligation. Each unit is currently renting well below market rates, providing an investor with the opportunity to recapture upside with minimal sweat-equity.
Fountain, Colorado is a growing community in the southern pocket of the Colorado Springs MSA. Known for its scenic views of Pikes Peak and the Front Range, Fountain offers rolling hills, parks, trails, and a rich agricultural history. The city combines the charm of small-town living with access to quality restaurants, retail, and urban conveniences. Multifamily development in Fountain remains supply constrained, with limited new construction and high barriers to entry for larger-scale projects. This dynamic supports long-term rent growth and demand stability.
Location
State CO
County El Paso
Interior
Fireplace N
Exterior
Exterior Feature Balcony, Garden, Lighting
Garage Spaces 26.0
Utilities Available Cable Available, Electricity Connected, Sewer Connected
Roof Type Shingle
Total Parking Spaces 26
Garage Yes
Building
Lot Description Irrigated, Landscaped
Sewer Public Sewer
Water Public
Structure Type Brick,Frame,Stucco
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Unique Properties LLC
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