303-375 Ohio Ave Fountain, CO 80817

Listing details for 303-375 Ohio Ave, Fountain, CO 80817 : The Fountain Village Townhomes consist of 13 individually deeded units, centrally located in the historic downtown district of Fountain, Colorado. Completed in 2021, this serves as a unique opportunity to acquire modern townhomes 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. 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. Recent capital improvements include brand-new Class 4 asphalt shingle roofing. An HOA is established but remains under the control of current ownership, resulting in no monthly payment obligation. Each unit is currently renting well below market rates, providing an investor with the 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. 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.