415 14th Street, Burlington

$500,000

7 Beds
6 Baths
6,521 Sqft
0 Acres
0 Garages

Mixed use opportunity in downtown Burlington featuring 6 apartment units and 2 commercial spaces with a current 9.2% cap rate! Great value buy with this area of Burlington in process of qualifying to be in a historic district by the State of CO, which means future work on the building could qualify for over 35%+ tax credits. Perfect for to live in upstairs and have your business on main level, or as fully leased this building generates over $75,000 per year in gross income. Currently all leased with one of the apartments currently in make ready stage for next tenant. Close to $100,000 has been spent on this building over the last 12 months including but not limited to installation of an energy efficient mini split HVAC system serving the two commercial spaces and main floor apartment, two energy efficient state of the art commercial hot water heater systems serving the entire building, updated electrical, updated plumbing, cosmetic improvements on many apartments, 13 brand new windows in upper level, and more! Please reach out to listing agent to schedule viewing - please do not bother tenants.

Essential Information
MLS® #8262016
Price$500,000
Bedrooms7
Bathrooms6.00
Square Footage6,521
Acres0.00
Year Built1904
TypeResidential Income
Sub-TypeQuadplex
StyleTraditional
StatusActive
Community Information
Address415 14th Street
SubdivisionDowntown Burlington
CityBurlington
CountyKit Carson
StateCO
Zip Code80807
Interior
HeatingElectric
CoolingAir Conditioning-Room, Other
StoriesTwo
Appliances

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

Exterior
RoofOther
School Information
DistrictBurlington RE-6J
ElementaryBurlington
MiddleBurlington
HighBurlington
Additional Information
Date ListedMay 14th, 2024
Parking Spaces4
Listing Details
OfficeEisenhard Realty Group
LISTING MAP

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