403.5 14th Street, Burlington, CO 80807
Local realty services provided by:ERA New Age
403.5 14th Street,Burlington, CO 80807
$610,000
- 7 Beds
- 6 Baths
- 6,521 sq. ft.
- Multi-family
- Active
Listed by: chris eisenhardchris.eisenhard@gmail.com,303-349-5035
Office: eisenhard realty group
MLS#:4587959
Source:ML
Price summary
- Price:$610,000
- Price per sq. ft.:$93.54
About this home
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.
Contact an agent
Home facts
- Year built:1904
- Listing ID #:4587959
Rooms and interior
- Bedrooms:7
- Total bathrooms:6
- Flooring:Carpet, Laminate, Tile, Vinyl
- Kitchen Description:Dishwasher, Disposal, Kitchen Island, Microwave, Oven, Range, Self Cleaning Oven
- Basement:Yes
- Basement Description:Cellar
- Living area:6,521 sq. ft.
Heating and cooling
- Cooling:Air Conditioning-Room
- Heating:Electric, Forced Air
Structure and exterior
- Year built:1904
- Building area:6,521 sq. ft.
- Architectural Style:Traditional
- Construction Materials:Brick, Stucco
- Levels:2 Story
Schools
- High school:Burlington
- Middle school:Burlington
- Elementary school:Burlington
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$610,000
- Price per sq. ft.:$93.54
- Tax amount:$2,237 (2023)
Features and amenities
- Laundry features:Common Area, Dryer, Washer
Parking
- Total parking spaces:4
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