415 14TH ST
BURLINGTON, CO 80807
$500,000
7 Beds
6 Baths
6,521 Sq Ft
Status Active
MLS# 8262016
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.
Details for 415 14TH ST
Built in 1904
$77 / Sq Ft
4 parking spaces
Air Conditioning-Room,Other
Electric
15 Days on website
Area Information for 415 14TH ST
