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In-PersonVirtual Tour
$ 609,900
Est. payment | /mo
6,521 SqFt
$ 609,900
Est. payment | /mo
6,521 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,521 sqft
Price per Sqft $93
MLS Listing ID 4576041
Style Traditional
HOA Y/N No
Year Built 1904
Annual Tax Amount $2,237
Tax Year 2023
Property Sub-Type Multi Family
Source recolorado
Property Description
New roof just installed in 2026! Prime investment opportunity in downtown Burlington with an impressive 11.2% cap rate. This mixed-use building features six fully remodeled apartment units and two commercial spaces, all currently occupied, offering reliable income. Burlington is experiencing unprecedented demand for rentals due to an influx of wind energy and gas pipeline employees relocating to the area. The current owner has completed extensive updates over the past three years, including remodeling all apartment units, installing new energy-efficient mini-split HVAC systems, replacing the commercial hot water heater with a WiFi-monitored system, and making numerous other property improvements. A brand-new roof was installed in 2026, adding tremendous value and durability. Additional income is generated through a coin-operated laundry facility conveniently located on the second floor. This turnkey property is a fantastic opportunity for investors looking to expand their portfolio in a high-demand rental market.
Contact the listing agent today to schedule a private viewing. Please do not disturb tenants.
Contact the listing agent today to schedule a private viewing. Please do not disturb tenants.
Location
State CO
County Kit Carson
Zoning Downtown Burlington
Interior
Fireplace N
Exterior
Roof Type Other
Total Parking Spaces 4
Garage No
Building
Sewer Public Sewer
Structure Type Block,Stucco
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Eisenhard Realty Group
Nearby Locations
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