403 14th Street, Burlington, CO 80807 (MLS # 4587959)
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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.
| DAYS ON MARKET | 41 | LAST UPDATED | 1/5/2026 |
|---|---|---|---|
| TRACT | Downtown Burlington | YEAR BUILT | 1904 |
| COUNTY | Kit Carson | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Burlington |
|---|---|
| Jr. High School | Burlington |
| High School | Burlington |
| ADDITIONAL DETAILS | |
| AIR | Other |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Self Cleaning Oven, Washer |
| CONSTRUCTION | Brick, Stucco |
| HEAT | Electric, Forced Air |
| INTERIOR | High Ceilings, Kitchen Island, Vaulted Ceiling(s) |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Traditional |
| SUBDIVISION | Downtown Burlington |
| TAXES | 2237 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing provided by Chris Eisenhard, Eisenhard Realty Group
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