403.5 14th Street

Burlington, CO 80807
$610,000
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 increasedRead MoreRead Less
Market LogoCourtesy of Eisenhard Realty Group [email protected]
Listing Snapshot
Days Online
116
Last Updated
Property Type
Multi Family
Year Built
1904
MLS Number
4576041
30 Days Snapshot Of 80807
$238k
+48%
(avg) sold price
4
+300%
homes sold
169
+148%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Architectural Style: "Traditional", Construction Materials: "Block", "Stucco", Occupant Type: Tenant, Unit Count: 2, Unit Types: "Array", "Array", Built in 1904, 6 total units
Disclosures
Exclusions: tenants personal property
Expenses
Operating Expense Includes: "Insurance", "Internet", "Maintenance", "Real Estate Tax", "Utilities", Operating Expense: $25,800
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Actual Annual Net Income: 61500.00, Gross Income: $87,300
Lot
Parcel Number: 34022007
Parking
Parking Total: 4, Carport Spaces: 0, Offstreet Spaces: 4, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1
Property
Current Use: "Multi-Family", Property Sub Type: Multi Family, Zoning: Downtown Burlington
Roof
Roof: "Other"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 2237, Legal Description: SUBDIVISION BURL NEW BLOCK 22 LOT 13-14, Tax Year: 2023
Utilities
Water Included
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Scott Castro
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