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6664 Provincial Dr, Fountain, CO 80817

Fountain
Local realty services provided by:CENTURY 21 Cornerstone
6664 Provincial Dr,Fountain, CO 80817
$650,000
  • 8 Beds
  • 4 Baths
  • 3,442 sq. ft.
  • Multi-family
  • Active
Listed by: andrew stephens
Office: modus real estate303-974-4717
MLS#:7311767
Source:IRES

Price summary

  • Price:$650,000
  • Price per sq. ft.:$188.84

About this home

MODUS Real Estate is pleased to present 6664-6670 Provincial Dr, a 4-unit multifamily asset in Fountain, Colorado - the closest incorporated community to Fort Carson and a core rental market within the Colorado Springs MSA. The property is an all-two-bedroom quadplex totaling approximately 3,442 net rentable square feet, built in 1987. 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...

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Home facts

  • Year built:1987
  • Subdivision & Development:Not Applicable
  • Listing ID #:7311767
  • Added:1 day(s) ago
  • Updated:September 17, 2026 at 03:45 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Living area:3,442 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1987
  • Building area:3,442 sq. ft.
  • Construction Materials:Wood Siding
  • Levels:One

Schools

  • High school:Mesa Ridge
  • Middle school:Watson
  • Elementary school:Venetucci

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$650,000
  • Price per sq. ft.:$188.84
  • Tax amount:$3,804

Parking

  • Garage spaces:6
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