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.
comercial
USD 2,237 Impuesto anual
Creado en 1904
MLS/ID del anuncio 4576041
6 Unidades
Style - Traditional
Construction - Stucco
Construction - Block
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