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
annet
2 237 USD Årlig skatt
Bygget i 1904
MLS/Oppførings-ID 4587959
Heating - Electric
Vinyl
Fliser
Laminat
Teppe
Heating - Forced Air
Høye tak
Oppvaskmaskin
Avhending
Cooling - Other
Tørketrommel
Mikrobølgeovn
Ovn
Kjøkkenøy
Hvelvede tak
Fellesareal
Utvalg
Selvrensende ovn
Vaskemaskin
Style - Traditional
Construction - Brick
Construction - Stucco
TOTAL MÅNEDLIG KOSTNAD
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