Fountain Village Townhomes
FOUNTAIN VILLAGE TOWNHOMES | 13 Units
Marketing description
The Fountain Village Townhomes consist of 13 individually deeded units, centrally located in the historic downtown district of Fountain, Colorado. Completed in 2021, this portfolio presents a unique opportunity to acquire modern townhomes in a supply constrained submarket within one of Colorado’s fastest-growing MSA. The property was originally developed as a build-to-rent (BTR) community, offering investors the operational simplicity of multifamily with the exit flexibility of individual unit sales.
The unit mix includes five (5) 3-bedroom, 2.5-bathroom and eight (8) 3-bedroom, 3-bathroom floorplans. All units include private entries and attached two-car garages, with corner units offering patio areas and sliding glass doors. Six of the townhomes feature private decks, enhancing tenant appeal. Interior upgrades include stainless steel appliances, new kitchen hardware, modern countertops, vinyl flooring throughout, as well as updated bathroom tiles and fixtures.
Each townhome is equipped with independent forced-air heating and central air conditioning, with all utilities separately metered and billed directly to tenants, helping eliminate utility expense for ownership. Recent capital improvements include brand-new Class 4 asphalt shingle roofing installed in May 2025. Positioned just off Santa Fe Avenue, a major four-lane thoroughfare and one of the community’s primary connectors, the property offers excellent accessibility for residents and strong visibility within the neighborhood. While an HOA is established, it remains under the control of current ownership, resulting in no monthly payment obligation. This structure supports operational efficiency, minimal overhead, and streamlined management. Each unit is currently renting well below market rates, providing new owners with an opportunity to recapture upside with minimal sweat-equity.
Fountain, Colorado is a growing community in the southern pocket of the Colorado Springs MSA. Known for its scenic views of Pikes Peak and the Front Range, Fountain offers rolling hills, parks, trails, and a rich agricultural history. The city combines the charm of small-town living with access to quality restaurants, retail, and urban conveniences. Located along I-25 and Fountain Creek and just minutes from Fort Carson Army Base, Fountain provides a good blend of livability and accessibility, making it a compelling location for residents and investors. Multifamily development in Fountain remains supply constrained, with limited new construction and high barriers to entry for larger-scale projects. This dynamic supports long-term rent growth and demand stability.
Investment highlights
- The built-to-rent (BTR) design, with individually deeded units, offers investors flexibility for a future condo-style exit or individual residential sales, enabling multiple disposition strategies and potential value realization beyond that of a traditional multifamily asset.
- Half of the original development has already been sold individually, demonstrating a proven exit strategy for this structure.
- Newer construction (2021) minimizes capital expenditure risk on major systems such as HVAC, plumbing, and electrical.
- New Class 4 asphalt shingle roof installed May 2025.
- Each unit includes premium features such as stainless-steel appliances, vinyl flooring, hard surface countertops, updated bathroom tiling, and excellent layouts .
- All townhomes feature private entries and attached two-car garages, with select units offering patios, sliding glass doors, or private decks, enhancing tenant appeal and rental value.
- Each unit features fully separated, tenant-paid utilities, with the sprinkler system as the only utility expense covered by ownership.
- The HOA is fully controlled by ownership and does not currently charge monthly dues, minimizing overhead and simplifying management.
- Rents are significantly below market, providing a clear and immediate value-add opportunity through rent increases with no capital outlay.
- Strong fundamentals with local demand for quality rental housing outpacing new supply.
- The property is strategically located just off Santa Fe Avenue, offering strong visibility and easy access to downtown Fountain, I-25, and nearby employment centers.
- Fountain is a rapidly growing submarket within the Colorado Springs MSA, supported by military employment at Fort Carson
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