Burlington, CO 80807,403 14th
Burlington, CO 80807,403 14th
Burlington, CO 80807,403 14th
Burlington, CO 80807,403 14th
Burlington, CO 80807,403 14th
Burlington, CO 80807,403 14th
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Breeyan Edwards

Breeyan Edwards

+1(970) 646-6555
$ 610,000
Est. payment | /mo

7 Beds

6 Baths

6,521 SqFt

Save
$ 610,000
Est. payment | /mo
Save

7 Beds

6 Baths

6,521 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,521 sqft

Subdivision Downtown Burlington

MLS Listing ID IRE4587959

Bedrooms 7

HOA Y/N No

Year Built 1904

Annual Tax Amount $2,237

Tax Year 2023

Source ires

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.

Location

State CO

County Kit Carson

Community Downtown Burlington

Area Out Of Area

Interior

Interior Features Cathedral Ceiling(s), Kitchen Island

Heating Forced Air, Electronic Air Filter

Cooling Wall/Window Unit(s)

Appliance Self Cleaning Oven, Dishwasher, Washer, Dryer, Microwave, Disposal

Exterior

Garage Spaces 4.0

Community Features Community Laundry

Utilities Available Master Meter-Electric

View Y/N No

Roof Type Other

Garage Yes

Building

Sewer Public Sewer

Level or Stories Two

Structure Type Brick,Stucco

New Construction false

Schools

Elementary Schools Burlington

Middle Schools Burlington

High Schools Burlington Re-6J

School District Burlington Re-6J

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Information and Real Estate Services (IRES)
Listed by Chris Eisenhard
Breeyan Edwards

+1(970) 646-6555

breeyan@firstcoloradorealty.com

523 St Vrain Ln, Estes Park, CO, 80517, USA

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