UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,980 sqft
Price per Sqft $187
Subdivision Anderson Brothers Sub Rep Blk 5
MLS Listing ID 8928789
HOA Y/N No
Abv Grd Liv Area 2,980
Year Built 1970
Annual Tax Amount $2,425
Tax Year 2024
Lot Size 9,202 Sqft
Acres 0.21
Property Sub-Type Quadruplex
Source recolorado
Property Description
The Alegre Portfolio presents an exceptional multifamily investment opportunity within the greater Colorado Springs metro. The offering is made up of three contiguous properties totaling 12 units, providing investors with immediate operational efficiency, durable cash flow, and long-term value add potential. Located near key employment hubs, lifestyle amenities, and major city thoroughfares, the portfolio benefits from consistent tenant demand, solid in-place performance, and a proven operating history.
Located in a quiet, residential pocket of Fountain, the Alegre Portfolio features three well-maintained fourplexes along Alegre Circle. Directly east of Fort Carson and minutes from Downtown Fountain, this location provides quick access to I-25 and Mesa Ridge Parkway. Residents enjoy proximity to local shopping and dining options, quality schools, and recreational areas such as Fountain Creek Nature Center, Mesa Ridge retail corridor, and Willow Springs Pond.
The Alegre Portfolio features 12 two-bedroom units with functional floor plans that appeal to military and family tenant bases. Several units have received updated interiors with premium finishes, including LVP flooring, modern bathrooms, and stainless-steel appliances; the remaining units present value-add upside through further upgrades. Fenced-in yards provide private outdoor space and connected storage units allow for additional income opportunities.
The Alegre Portfolio represents a clean, stabilized investment with value-add potential, streamlined management capabilities, and a strong tenant demand. Investors have the option to acquire properties (a) individually, or (b) as the three-property portfolio.
Location
State CO
County El Paso
Zoning R-2
Interior
Heating Natural Gas
Cooling Other
Fireplace N
Exterior
Roof Type Other
Total Parking Spaces 4
Garage No
Building
Sewer Public Sewer
Level or Stories Two
Structure Type Frame
Schools
Elementary Schools Talbot
Middle Schools Watson
High Schools Mesa Ridge
School District Widefield 3
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Nearby Locations
- 8
King Elementary School
Public | KG - 5
- 7
Venetucci Elementary School
Public | KG - 5
- 7
Talbott Elementary School
Public | KG - 5
- 6
Widefield Elementary School
Public | KG - 5
- 6
Sunrise Elementary School
Public | KG - 5
- 6
Eagleside Elementary School
Public | PK - 5
- 5
French Elementary School
Public | KG - 5
- 5
James Madison Charter Academy School
Public | KG - 6
- 5
Webster Elementary School
Public | PK - 5
- 5
Mesa Elementary School
Public | KG - 5
- 3
Pinello Elementary School
Public | KG - 5
- 7
Sproul Junior High School
Public | 6 - 8
- 6
Watson Junior High School
Public | 6 - 8
- 5
Janitell Junior High School
Public | 6 - 8
- 4
Fountain Middle School
Public | 6 - 8
- 0
Welte Education Center
Public | 6 - 12
- 5
Widefield High School
Public | 9 - 12
- 5
Mesa Ridge High School
Public | 9 - 12
- 0
Discovery High School
Public | 9 - 12
- 0
Fountain Valley School of Colorado
Private | 9 - 12
"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "
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