For Sale Multi-Family MLS# 3559371

111 W Fountain Boulevard

Colorado Springs, CO 80903

$449,900

elevatemls logo

About 111 W Fountain Boulevard

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.

Property details

Property

Type
Multi Family
MLS type
Multi Family Home
Status
Active
Year built
1898
Living area
0 sqft
Lot
0.0826
Original price
$469,500
MLS #
3559371

Interior

Appliances
Oven, Refrigerator
Heating
Baseboard, Electric, Natural Gas
Laundry
Electric Hook-up

Exterior & lot

Lot
6419214003

Schools

District
Colorado Springs School District 11

Utilities

Utilities
Sewer, Municipal, See Prop Desc Remarks
Water
Municipal
Sewer
Sewer

Financial

Financial
Pikes Peak REALTOR® Services
Annual tax
$1,058
Tax year
2025
Parcel
6419214003

Location

County
El Paso
Neighborhood
Downtown Colorado Springs
Community
Colorado Springs 11

Ask about this property

Questions on 111 W Fountain Boulevard, Colorado Springs, CO 80903, or want to see it in person?

Listed by Caleb Skelton, Buy Smart Colorado

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.