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157 Wellington St 4 Unit Apartment Building $568,000 ($142,000/Unit) Fountain, CO 80817
INVESTMENT HIGHLIGHTS
- TENANT PAID UTILITIES All utilities are paid directly by tenants, minimizing operating expenses and enhancing net operating income.
- SUBSTANTIAL CAPITAL IMPROVEMENTS Property features major upgrades, including three fully renovated units with modern finishes.
- DESIRABLE UNIT MIX All spacious 2-bedroom, 1-bathroom units with open kitchens and living rooms.
- STRONG MARKET POSITION Limited rental competition in the immediate submarket supports strong occupancy rates and pricing power.
EXECUTIVE SUMMARY
Cushman & Wakefield is proud to present 157–163 Wellington Street, a well-maintained fourplex in Fountain, Colorado, offering a rare opportunity to acquire a stabilized, cash-flowing asset with upside potential in a growing submarket just minutes south of Colorado Springs. Built in 1986, the property consists of four spacious 2-bedroom, 1-bathroom units, ideal for attracting long-term renters seeking affordability and convenience.
The property has undergone significant capital improvements, including three fully renovated units featuring modern finishes and updated interiors. In addition, tenants pay all utilities, providing reduced operating expenses and stronger net income.
Strategically located in a quiet residential neighborhood, 157–163 Wellington Street benefits from limited direct rental competition in the immediate area, supporting stable
occupancy and rental growth. The property is just minutes from I-25, providing quick access to major employment centers in Colorado Springs, Fort Carson, and Pueblo.
Fountain itself is experiencing steady population and job growth, driven by its affordability and proximity to key military, industrial, and logistics employers.
With its desirable unit mix, updated interiors, and strong local fundamentals, this fourplex represents a turn-key opportunity in a supply-constrained and demand-driven rental market.
The property has undergone significant capital improvements, including three fully renovated units featuring modern finishes and updated interiors. In addition, tenants pay all utilities, providing reduced operating expenses and stronger net income.
Strategically located in a quiet residential neighborhood, 157–163 Wellington Street benefits from limited direct rental competition in the immediate area, supporting stable
occupancy and rental growth. The property is just minutes from I-25, providing quick access to major employment centers in Colorado Springs, Fort Carson, and Pueblo.
Fountain itself is experiencing steady population and job growth, driven by its affordability and proximity to key military, industrial, and logistics employers.
With its desirable unit mix, updated interiors, and strong local fundamentals, this fourplex represents a turn-key opportunity in a supply-constrained and demand-driven rental market.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $568,000 | Building Class | C |
| Price Per Unit | $142,000 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 2,828 SF |
| No. Units | 4 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1986 |
| Apartment Style | Low-Rise | ||
| Zoning | R-2 | ||
| Price | $568,000 |
| Price Per Unit | $142,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 2,828 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built | 1986 |
| Zoning | R-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,037 | 707 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $45,690 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$45,690
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157 Wellington St
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