6664 Provincial Fountain, CO 80817
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,442 sqft
Subdivision Fountain Plaza North
MLS Listing ID IRE7311767
Bedrooms 8
HOA Y/N No
Year Built 1987
Annual Tax Amount $3,804
Tax Year 2025
Source ires
Property Description
The asset is currently 95% occupied with in-place rents of $1,100/month, roughly 15% below the $1,295/month market rent supported by recent quadplex leasing in the immediate submarket. Executing a mark-to-market turn strategy alongside a RUBS utility bill-back drives NOI from $30,415 (T-12) to $42,568 (Year 1 pro forma) - approximately 40% NOI growth - expanding the going-in
cap rate from 4.68% to a stabilized 6.55%.
Demand is anchored by Fort Carson (~8 miles north; 26,000+ active-duty soldiers, ~40,000 family members, 57% living off-post) and reinforced by Peterson and Schriever Space Force Bases. As the newest asset among recent Provincial Dr and Alegre Cir quadplex sales, the pricing is directly validated by the same-street 6600-6606 Provincial Dr sale at $161,000/unit.
Location
State CO
County El Paso
Community Fountain Plaza North
Area Out Of Area
Zoning FOUNTAIN
Interior
Heating Forced Air
Cooling Central Air
Exterior
Parking Features Off Street
Garage Spaces 6.0
View Y/N No
Roof Type Composition
Garage Yes
Building
Sewer Public Sewer
Level or Stories One
Structure Type Wood Siding
New Construction false
Schools
Elementary Schools Venetucci
Middle Schools Watson
High Schools Widefield 3
School District Widefield 3
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Private Owner
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