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Listed by Caleb Skelton Buy Smart Colorado
$ 449,900
Est. payment /mo
Active
111 W Fountain Boulevard Colorado Springs, CO 80903
3,598 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
Year Built 1898
Annual Tax Amount $1,058
Tax Year 2025
Lot Size 3,598 Sqft
Acres 0.0826
Property Sub-Type Multi Family
Source Pikes Peak REALTOR® Services
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
Interior
Heating Baseboard, Electric, Natural Gas
Cooling None
Furnishings Existing
Appliance Oven, Refrigerator
Laundry Electric Hook-up
Exterior
Utilities Available See Prop Desc Remarks
Building
Sewer Sewer
Water Municipal
Construction Status Existing
Schools
School District Colorado Springs 11
Others
Tax ID 6419214003
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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