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$ 469,500
Est. payment /mo
New
111 W Fountain BLVD Colorado Springs, CO 80903
3,600 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3559371
Construction Status Existing
HOA Y/N No
Year Built 1898
Annual Tax Amount $1,058
Tax Year 2025
Lot Size 3,600 Sqft
Property Sub-Type Multi Family
Property Description
Exceptional opportunity with immediate cash flow. This fully leased income property, featuring a 4 bed 2 bath main residence, and a detached 1 bed 1 bath cottage. Both units are occupied by long term tenants, providing stable and established rental income from day one. Extensively remodeled throughout, both residences have been thoughtfully updated with modern finishes refreshed interiors, updated kitchens, remodeled bathrooms, and contemporary flooring. Separate laundry facilities for each unit add convenience and tenant appeal, while the detached cottage offers privacy and additional income potential. The property blends classic character with modern improvements and features a fully fenced yard, mature landscaping, and ample outdoor space. Landlord currently pays water, gas, and electric. Conveniently located near downtown Colorado Springs, shopping, dining, parks, and major commuter routes, this turnkey investment presents a rare opportunity to acquire a renovated, income producing property with strong existing tenancy already in place.
Location
State CO
County El Paso
Area Colorado Springs
Interior
Cooling None
Laundry Electric Hook-up
Exterior
Utilities Available See Prop Desc Remarks
Building
Water Municipal
Construction Status Existing
Schools
School District Colorado Springs 11
Others
Special Listing Condition Lead Base Paint Discl Req
Unit 2
Beds 1
Baths 1
Rent Price 1450
Occupied Y
Furnished N
Unit 1
Beds 4
Baths 2
Rent Price 2535
Occupied Y
Furnished N
Listed by Buy Smart Colorado
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