415 14th Street
415 14th Street
$500,000
7
6
6,521
6,521
$77
Description
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...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.
- Listed by Chris Eisenhard • Eisenhard Realty Group • chris.eisenhard@gmail.com,303-349-5035
Property Details for 415 14th Street
Structure Type
Quadruplex
Architectural StyleTraditional
LevelsTwo
Stories2
Subdivision NameDowntown Burlington
AssociationNo
Multiple AssociationsNo
BasementNo
Location
LISTING UPDATED: 05/13/2024 06:54 PM
Property Details for 415 14th Street
Status | Active |
---|---|
MLS # | 8262016 |
Days on Compass | 18 |
Taxes | $2,237 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1904 |
Lot Size | - |
County | Kit Carson County |
Location
Building Information for 415 14th Street
Stories-Residences-Year Built1904Building Size-Lot Size-
Payment Calculator
$2,915 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 415 14th Street
Property History for 415 14th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 415 14th Street
Taxable ValueLand$4,534Additions$19,586Total$24,120
Tax Record2023$2,237 ($186 / month)
Home Facts
Total Finished SqFt258 SqFtAbove Grade Finished SqFt258 SqFtLot Size6,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1904Year Renovated1985CountyKIT CARSONAPN34022007
Schools near 415 14th Street
This home is within Burlington Re-6j School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 4 | |||
Public - | 5 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Burlington Elementary School PublicPK to 4 | ||
Burlington Middle School Public5 to 8 | ||
Burlington High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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