$500,000 Price Analysis   ♡   Burlington, CO 80807 7 bed 6 bath 6,521 SqFt ($76/SqFt) Built 1904 Listed 2024-05-14, Taxes $1,314 | ✓ USDA Eligible near Burlington, CO Restrictions may apply due to home size |
Mixed use opportunity in downtown Burlington featur ing 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 n 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.
Presented by Chris Eisenhard at
Mb Eisenhard Realty Group.
Property MLS #8262016 from REcolorado
Full Bathrooms: 6
Disposal
Dryer
Microwave
Oven
Range
Self Cleaning Oven
Washer
Laundry Features: Common Area
Heating Features: Electric
Elementary School District: Burlington RE-6J
High School: Burlington
High School District: Burlington RE-6J
Middle School: Burlington
Middle or Junior School District: Burlington RE-6J
Map directions Map directions Map directionsTenant Pays: Gas
Source Listing Status: Active
County: Kit Carson
Tax Year: 2023
Source Property Type: Residential Income
Exclusions: tenants personal property
Source Neighborhood: Downtown Burlington
Owner Pays: Electricity, Exterior Maintenance, Insurance, Internet, Taxes, Water
Parcel Number: 34022007
Subdivision: Downtown Burlington
Property Subtype: Quadplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $11,578 + $4,430 $16,008 | $1,314 |
| 2021 | $11,578 + $4,430 $16,008 | $1,312 |
| 2020 | $11,767 + $3,770 $15,537 | $1,244 |
| 2019 | $11,767 + $3,770 $15,537 | $1,243 |
| 2018 | $11,500 + $3,770 $15,270 | $1,224 |
| 2017 | $21,510 + $3,770 $25,280 | $1,221 |
| 2016 | $21,304 + $3,770 $25,074 | $1,234 |
| 2015 | $21,304 + $3,770 $25,074 | $1,226 |
| 2014 | $22,005 + $3,770 $25,775 | $1,288 |
| 2013 | $22,005 + $3,770 $25,775 | $1,345 |
| 2012 | $23,621 + $3,770 $27,391 | $1,472 |
| 2011 | $13,624 + $3,770 $17,394 | $1,454 |
| 2010 | $12,838 + $3,770 $16,608 | $1,398 |
| 2009 | $12,839 + $3,770 $16,609 | $1,428 |
| 2008 | $unknown + $unknown $16,608 | $1,264 |
| 2007 | $unknown + $unknown $15,105 | $1,318 |
$500,000
REcolorado
Sold 2023-03-31
$330,450
REcolorado
Sold 1986-04-21
$25,000
Public Record
Operating Expense Includes: Insurance, Internet, Maintenance, Real Estate Tax, Utilities
Year Built: 1904
Above Grade Finished Area: 6521
Common Walls: End Unit
Construction Materials: Brick
Levels: Two
Property Age: 120
Property Attached: Yes
Structure Type: Quadruplex
Architectural Style: Traditional
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.