6664 Provincial DR Fountain, CO 80817
8 Beds
4 Baths
3,442 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,442 sqft
Price per Sqft $188
Subdivision Fountain Plaza North
MLS Listing ID 7311767
Bedrooms 8
HOA Y/N No
Year Built 1987
Property Sub-Type Quadruplex
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
Zoning FOUNTAIN
Interior
Heating Forced Air
Cooling Central Air
Exterior
Roof Type Composition
Private Pool No
Building
Story One
Sewer Public Sewer
Schools
School District Elementary: Widefield 3, Middle/Junior: Widefield 3, High: Widefield 3
Others
Senior Community No
Tax ID 65144-02-004
Special Listing Condition None Known
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
- REALTOR ® / Broker Associate License ID: FA.100108858
With more than 20 years in Douglas County, I bring both local knowledge and a personal understanding of how our housing needs change through different seasons of life. As an empty nester who has also experienced multi-generational living firsthand, I especially enjoy helping clients think through what they need from a home today—and what will serve them well in the years ahead.
My approach to real estate is shaped by a diverse professional background. I earned a law degree and spent years in senior corporate leadership, including leading a business division responsible for product acquisition and development, sales, marketing, and overall performance. Today, alongside our real estate business, we own a residential remodeling and handyman company. That combination brings business leadership, strategic negotiation, marketing expertise, legal education, and hands-on knowledge of homes to every transaction.
For sellers, I help determine what’s worth doing—and what isn’t—to prepare and position a home for the best possible result. When updates make sense, our pay-at-close renovation option can help coordinate practical improvements without requiring upfront payment. For buyers, I bring the same thoughtful approach to evaluating a home’s condition, potential, functionality, and long-term value.
Above all, I’m a calm, strategic, and hands-on partner who believes great representation is personal. Whether I’m developing a pricing strategy, negotiating on your behalf, coordinating contractors and staging, or hanging curtains before photos, I treat your move with the same care I would my own.