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6664-6670 Provincial Dr
Fountain, CO 80817

$650,000 USD

Apartments For Sale  •  3,442 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,442 SF
  • Lot Size 0.19 AC
  • Building Class C
  • Year Built 1987
  • Zoning FOUNTAIN
30 Transit Score
40 Walk Score

Highlights

~15% loss-to-lease — in-place rents of $1,100 sit roughly 15% below the $1,295 achievable market rent on turn.
~40% NOI growth from $30,415 (T-12) to $42,568 (Year 1 pro forma) via mark-to-market rents and RUBS implementation.
Fort Carson–anchored demand — ~8 miles / 12 minutes to a post of 26,000+ active-duty soldiers, ~57% living off-post.
I-25 corridor access via the Mesa Ridge Pkwy interchange — ~12 miles to downtown Colorado Springs.
Comp-validated basis — the same-street 6600–6606 Provincial Dr fourplex traded at $161,000/unit ($210/SF) in Oct 2025.
Newest-vintage asset in the comp set (1987) with larger ~810 SF plans that reduce turnover in a military-family renter cohort.

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Disposal
  • Tenant Controlled HVAC
  • Heating
  • Walking/Biking Trails
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer
  • Walk-Up

Public Transportation

AirportDriveWalkDistance
City of Colorado Springs Municipal 20 min - 9.7 mi
Andrew Stephens 720-496-8868 MODUS Real Estate
Andrew Stephens 720-496-8868 MODUS Real Estate