157 Wellington ST Active Save Request In-Person Tour Request Virtual Tour
Fountain,CO 80817
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,828 sqft
Price per Sqft $200
Subdivision Fountain Valley Ranch
MLS Listing ID 8384168
HOA Y/N No
Abv Grd Liv Area 2,828
Year Built 1986
Annual Tax Amount $1,684
Tax Year 2024
Property Sub-Type Quadruplex
Source recolorado
Property Description
***Prime Investment Opportunity in Fountain, CO*** This well-maintained multifamily property at 157-163 Wellington St features 2-bedroom 1-bath units, offering strong rental appeal in a high-demand market. There is currently one vacant unit being fully renovated and would appeal to an owner-occupant.Tenants are responsible for all utilities, minimizing operating expenses for ownership. The property has benefited from significant capital improvements, including three fully renovated units, enhancing overall value and tenant satisfaction. Located in a low-competition rental submarket, this asset presents a rare opportunity to capture steady cash flow and long-term appreciation in one of Fountain's most stable residential areas.
Location
State CO
County El Paso
Zoning R-2
Interior
Heating Baseboard
Cooling Other
Fireplace N
Exterior
Roof Type Shingle
Total Parking Spaces 8
Garage No
Building
Sewer Public Sewer
Level or Stories One
Structure Type Vinyl Siding
Schools
Elementary Schools Aragon
Middle Schools Fountain
High Schools Fountain-Fort Carson
School District Fountain 8
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition None