Home Details for 403.5 14th Street

Price

$609,900

Type

Commercial Sale

Year built

1904

County

Kit Carson

Days on site

MLS Listing#

4576041

Property Description

11.2% cap rate on a mixed use building in downtown Burlington featuring 6 apartment units and 2 commercial spaces all fully occupied. Brand new roof in 2026! 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.

Property Features

Listing Courtesy: Eisenhard Realty Group - 303-349-5035

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Neighborhood Market Statistics

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Median Listing Price

Median Days on Site

Median Square Feet

Market statistics compiled from data from Metrolist Inc MLS - Professional (Denver).

EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK

5575 Tech Center Drive #206, Colorado Springs, CO 80919

Sheryll White Broker. 719-452-4289

Office

303 790 7200

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