415 14th Street Burlington, CO $ 500,000
415 14th Street
$ 500,000
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415 14th Street

Burlington, CO, 80807
$ 500,000
Baths0.0 Sq 6,521

Monthly Estimate*

$ 3,323

Listed by Eisenhard Realty Group
415 14th Street, Burlington, CO 80807 - Image 1
415 14th Street, Burlington, CO 80807 - Image 2
415 14th Street, Burlington, CO 80807 - Image 3
415 14th Street, Burlington, CO 80807 - Image 4
415 14th Street, Burlington, CO 80807 - Image 5
415 14th Street, Burlington, CO 80807 - Image 6
415 14th Street, Burlington, CO 80807 - Image 7
415 14th Street, Burlington, CO 80807 - Image 8
415 14th Street, Burlington, CO 80807 - Image 9
Studio

Commercial Property for sale in Burlington, CO

for $500,000. This 6,521 square foot building was built in 1904.

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.

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Commercial Active

Price

$ 500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,237

Style

Traditional

Year Built

1904

Town/City

Burlington

County/Region

Kit Carson

MLS | Web ID

6704857

Features
General
Sewer Public Sewer
Utilities Electricity Connected Natural Gas Connected Sewer Connected
Possession Negotiable
Roof Other
Garage Spaces 0
Architectural Style Traditional
Security Features Close Circuit Camera(s)
Construction Materials Brick
Exclusions residential tenants personal property commercial space FFE that belongs to tenants.
Year Built 1904
Tenant Pays Gas
Stories 2
Property SubType Multi-Family
Tax Year 2023
Current Use Food Service Live-Work/Mixed-Use/Flex Multi-Family Residential Retail
Gross Income 75480
County Kit Carson
Operating Expense 29581
Property Type Commercial Sale
Attached Garage N
Building Features Coin Laundry Storage Wi-Fi
Status Active
Directions 14th and Senter in Burlington
City Burlington
Buyer Agent Compensation 2.5
NumberOfUnitsTotal 8
Carport Spaces 0
Street Name 14th
Listing Terms Cash Conventional
Tax Annual Amount 2237
Leasable Area 6400
Lease Considered Y/N Y
Structure Type Low Rise (1-3)
Lease Type Gross
Standard Status Active
Occupancy Type Tenant (Multiple)
Cap Rate 9.2
Buyer Agent Compensation Type %
Lease Amount 1000
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Exterior
Parking Features Driveway-Gravel
Lot Features Corner Lot Historical District
Water Source Public
Total Parking 4
Building Area Total 6521
Road Surface Type Paved
Road Responsibility Public Maintained Road
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Interior
Street Suffix Street
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Internal Only
Street Number 1 415
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* Excluded Features
List By
Eisenhard Realty Group

Broker

(303) 349-5035

Phone

Affordability Calculator

$3,510
Per Month
95%
5%
0%
Monthly Principal & Interest
$3,323
Monthly Property Taxes
$186
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/11/2024$500,000 Listed Price

Map


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415 14th Street, Burlington, CO, 80807 is a Commercial Property for sale at $500,000 with 6,521 sqft. 415 14th Street is a studio with 0.0 baths and was built in 1904. The property's zip code is 80807 which is in Burlington, CO