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$610,000

Est. payment - /mo

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7 Beds

6 Baths

6,521 SqFt

New

403.5 14th ST Burlington, CO 80807

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Chris Plant

chris@chrisplant.com +1(303) 332-4747

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,521 sqft

Price per Sqft $93

Subdivision Downtown Burlington

MLS Listing ID 4587959

Style Traditional

Bedrooms 7

HOA Y/N No

Abv Grd Liv Area 6,521

Year Built 1904

Annual Tax Amount $2,237

Tax Year 2023

Property Sub-Type Quadruplex

Source recolorado

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

Rooms

Basement Cellar

Interior

Interior Features High Ceilings, Kitchen Island, Vaulted Ceiling(s)

Heating Electric, Forced Air

Cooling Air Conditioning-Room, Other

Flooring Carpet, Laminate, Tile, Vinyl

Fireplace N

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

Laundry Common Area

Exterior

Roof Type Other

Total Parking Spaces 4

Garage No

Building

Sewer Public Sewer

Level or Stories Two

Structure Type Brick,Stucco

Schools

Elementary Schools Burlington

Middle Schools Burlington

High Schools Burlington

School District Burlington Re-6J

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

Listed by Eisenhard Realty Group

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Chris Plant

Broker

+1(303) 332-4747

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403.5 14th ST Burlington, CO 80807

Chris Plant

Key Details

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Rooms

Interior

Exterior

Building

Schools

Others

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403.5 14th ST