157 Wellington St Active Save Request In-Person Tour Request Virtual Tour
Fountain,CO 80817
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 2,828 sqft
Price per Sqft $200
Subdivision Fountain Valley Ranch
MLS Listing ID 8384168
Style Ranch
Bedrooms 6
HOA Y/N false
Abv Grd Liv Area 2,828
Year Built 1986
Annual Tax Amount $1,684
Property Sub-Type Income Property
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
Area Out Of Area
Zoning R-2
Direction Take I-25 S to Fountain. Take exit toward US-85 from CO-16 E/Mesa Ridge Parkway. Continue on CO-85. You will exit toward Comanche Village Drive then immediately turn to El Paso Street. Take a final right turn onto Wellington Street.
Interior
Heating Baseboard
Exterior
Garage Spaces 8.0
Roof Type Fiberglass
Building
Story 1
Sewer City Sewer,Public Sewer
Level or Stories One
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Aragon
Middle Schools Fountain
High Schools Fountain-Fort Carson
School District Fountain 8
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner