315 S Race Street, Fountain, CO 80817

$539,000 Asking Price

5 beds
3 baths
3,072  sqft
Built in 1970

This exclusive Property in the heart of downtown Fountain boasts two separate properties and a 4-car garage/workshop on a 1/3 of an acre of land. It is ideal for someone who wants to live in the main house (2,112 sq ft) and rent out the cottage (960 sq ft) to pay for the majority of their mortgage, provide an additional income, or for an investor who wants to use the properties as a great source of rental income. The 4-car garage/workshop has full electricity and is also categorized as mixed-use zoning, so you could run a little business out of there as well! Both properties are "move-in ready" with new flooring, new kitchen cabinets, new kitchen countertops, new paint, new ceiling lights, and a brand new Rheem Platinum water heater which is extremely energy efficient. The furnace is also new and was installed at the end of October 2021. This great property opportunity is next to an elementary school and a middle school. They've been used as rentals since 2019 and have been extremely effective rental properties, they have been continuously in high demand. Come and see this great opportunity property, ideal for a growing family or an investor alike! Listed with HomeRise.

Features & Amenities

Interior

Appliances:
Dryer,Refrigerator,Washer
A/C:
None
Heating:
Forced Air

Exterior

Style:
Bi-level

Construction

Roofing:
Composite Shingle
General:
Wood, Bi-level, Slab

Location

HOA Amenities:
0.0, Not Applicable
School District:
Ftn/Ft Carson 8
County:
El Paso

Utilities

Utilities:
Electricity Available
Water:
Municipal

This listing courtesy of:
TRELORA Realty, Greg Hanson

About Fountain, CO

Housing

Number of Units
12,437
Median Home Value
$265,048
Median Rent
$1,180

26.85% of housing units are renter occupied.

3.59% are vacant.

Commute

Car
77.80%
Public Transportation
0.74%
Walk to Work
0.65%
Work from Home
19.58%
Other
1.23%

The median travel time to work is 23 minutes.

People

Population
34,447
Median Age
31.40
Median Household Size
3.30

Education

High School
24.96%
Associate’s Degree
14.86%
Bachelor’s Degree
20.60%
Graduate Degree
8.25%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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