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 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.
Courtesy: Eisenhard Realty Group
Chris Eisenhard
303-349-5035
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 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.
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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 3,212. Burlington is more family-centric than the surrounding county with 38.25% of the households containing married families with children. The county average for households married with children is 36.33%.
The median household income in Burlington, Colorado is $58,472. The median household income for the surrounding county is $52,917 compared to the national median of $69,021. The median age of people living in Burlington is 39.6 years.
The average high temperature in July is 89.3 degrees, with an average low temperature in January of 16.6 degrees. The average rainfall is approximately 18 inches per year, with 33.9 inches of snow per year.
