Courtesy: Mb Eisenhard Realty Group
Chris Eisenhard
303-349-5035
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.
Courtesy: Re/Max Realty East
Jessica Fisher
719-340-0028
This unique property has potential for many things! In our ever present housing shortage, this property may be just the investment you're looking for! A possible bed & breakfast, hostel, or apartments! It offers 15 bedrooms, 13 half baths (ensuite), 3 full baths, along with a huge kitchen, dining and living area. There is coin operated laundry (included) as well. Adjacent to the larger building is a small, 2 bedroom house that is included in the sale. While currently leased, it has the potential to be the owner's home, while tending to business next door. The kitchen appliances, security system, and some furnishings are included in the sale.
Andrea Conner, Colorado License # ER.100067447, Xome Inc., License #EC100044283, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Burlington is located in Colorado. Burlington, Colorado has a population of 3,834. Burlington is more family-centric than the surrounding county with 33.78% of the households containing married families with children. The county average for households married with children is 32.8%.
The median household income in Burlington, Colorado is $41,047. The median household income for the surrounding county is $45,881 compared to the national median of $57,652. The median age of people living in Burlington is 38.3 years.
The average high temperature in July is 89.8 degrees, with an average low temperature in January of 16.6 degrees. The average rainfall is approximately 18.4 inches per year, with 37.8 inches of snow per year.
