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$ 790,000
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129 Wellington ST Fountain, CO 80817
4,242 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,242 sqft
Price per Sqft $186
MLS Listing ID 1590835
HOA Y/N No
Year Built 1986
Annual Tax Amount $2,794
Tax Year 2024
Lot Size 0.297 Acres
Acres 0.3
Property Sub-Type Multi Family
Source recolorado
Property Description
Rare 6-unit investment opportunity in the Fountain community! This well-maintained and fully occupied 6-plex features all side-by-side units, all 2 bed, 1 bath configurations, providing strong rental appeal and income potential. The property is a fully stabilized asset with great in-place rents and returns, and offers a turnkey investment opportunity supported by significant capital improvements, including 6 full unit turns, updated plumbing, and a newer roof completed in 2022. Utilities are structured with no gas on site; tenants pay all electric, while the owner currently pays water/sewer/trash, with potential to bill back for additional efficiency. The property offers extremely low-maintenance costs and could easily be self-managed with it's turnkey nature.
Ideally located with easy access to Highway 85/87, I-25, and Fort Carson, this property is also close to Pikes Peak Community College, shopping, dining, Fountain Creek Regional Park, neighborhood parks, and Downtown Fountain. Whether you're looking to expand your investment portfolio or add a well-positioned multifamily asset, this 6-plex presents an exceptional opportunity in a growing area.
Investment Highlights:
-All 2 bed, 1 bath units
-Fully stabilized asset with great in place rents & returns
-Turnkey asset with significant capital improvements including 6 full unit turns, updated plumbing, and newer roof (2022)
-Utilities: No gas, tenants pay all electric (owners currently pay W/S/T – opportunity to bill back)
-Currently self-managed with operational upside
Ideally located with easy access to Highway 85/87, I-25, and Fort Carson, this property is also close to Pikes Peak Community College, shopping, dining, Fountain Creek Regional Park, neighborhood parks, and Downtown Fountain. Whether you're looking to expand your investment portfolio or add a well-positioned multifamily asset, this 6-plex presents an exceptional opportunity in a growing area.
Investment Highlights:
-All 2 bed, 1 bath units
-Fully stabilized asset with great in place rents & returns
-Turnkey asset with significant capital improvements including 6 full unit turns, updated plumbing, and newer roof (2022)
-Utilities: No gas, tenants pay all electric (owners currently pay W/S/T – opportunity to bill back)
-Currently self-managed with operational upside
Location
State CO
County El Paso
Zoning R-2
Interior
Fireplace N
Exterior
Roof Type Composition
Total Parking Spaces 10
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Concrete,Frame
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 Cushman & Wakefield
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