BEDS7
BATHS6
SQUARE FEET6,521
MLS#4587959
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONDowntown Burlington
SCHOOLBurlington RE-6J
Listing Courtesy of:
Eisenhard Realty Group
Agency Contact: chris.eisenhard@gmail.com,303-349-5035
Property Description
10.1% cap rate on a mixed use building in downtown Burlington featuring 6 apartment units and 2 commercial spaces all fully occupied. Burlington is in high demand for rentals as wind energy and gas pipeline employees are moving to the area at an unprecedented rate. Opportunity for increased NOI with about half of the current apartments units being leased at below market rents. Current owner has updated/remodeled all apartments, installed new mini split hvac systems, installed a new commercial wifi monitored hot water heater, and invested in a ton of miscellaneous upgrades over the last three years of ownership. Additional income with coin laundry located on second floor. Please reach out to listing agent to schedule viewing - please do not bother tenants.
Property Features
Property Type: Multi Unit - Multiple
Basement: Cellar
Cooling: Air Conditioning-Room, Other
Heating: Electric, Forced Air
Home Style: Traditional
Roof Type: Other
Stories: 2.0
Taxes: $2,237
Year Built: 1904
Amenities
High Ceilings
Kitchen Island
Vaulted Ceiling(s)
Feature Descriptions
Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Self Cleaning Oven, Washer
Baths Total: 6
Days on Site: 56
Exclusions: tenants personal property
Exterior: Brick, Stucco
Flooring: Carpet, Laminate, Tile, Vinyl
Laundry: Common Area
Parcel#: 34022007
Sewer: Public Sewer
Local Schools
High School: Burlington
Middle School: Burlington
Elementary School: Burlington
School District: Burlington RE-6J
Listed By / Shown By
Listed By
Agency Name: Eisenhard Realty Group
Agency Contact: chris.eisenhard@gmail.com,303-349-5035
Shown By
Agent Name: Chris Culp
Agent Phone: (719) 600-7987
Agency Title: The Cutting Edge, Realtors
Estimate Your Payment
Estimated Payment
$ 3,369.03 per month $3,004.70 Principal & Interest $186.42 Property Tax $177.92 Homeowner's Insurance
403.5 14th Street | MLS# 4587959
This multi-family property located at 403.5 14th Street, Burlington, CO 80807 is currently listed for sale with an asking price of $610,000. 14th Street is located within the Burlington RE-6J school district. Search Burlington real estate on www.anchorgrouphomes.com today.