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.
6,521 Sq Ft
その他
$2,237 年間税
Built in 1904
MLS/物件ID 4587959
共用エリア
セルフクリーニングオーブン
ワッシャー
Range
オーブン
電子レンジ
乾燥機
廃棄
食器洗い機
Style - Traditional
Construction - Stucco
高い天井
キッチンアイランド
Construction - Brick
Cooling - Other
アーチ型天井
Heating - Electric
Heating - Forced Air
カーペット
ラミネート
タイル
ビニール
月額総費用
$0
$0
$0