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
outros
US$ 2.237 Imposto anual
Construído em 1904
MLS/ID do anúncio 4587959
Área comum
Forno autolimpante
Lavadora
Gama
Forno
Micro-ondas
Secadora
Eliminação
Máquina de lavar louça
Style - Traditional
Construction - Stucco
Tetos altos
Ilha de cozinha
Construction - Brick
Cooling - Other
Tetos abobadados
Heating - Electric
Heating - Forced Air
Tapete
Laminado
Tile
Vinil
CUSTO MENSAL TOTAL
US$ 0
US$ 0
US$ 0