0 Beds
n/a Full bath
n/a SqFt
Active
Prime Investment Opportunity in Downtown Burlington Unlock the potential of this incredible investment property, located in the heart of downtown Burlington! This vibrant area ensures high demand and excellent visibility for both residential and commercial tenants. The property features a diverse mix of income-generating spaces: • Seven Residential Apartments: A mix of 1- and 2-bedroom units with stable, long-term tenants in a desirable location. • One Commercial Office Space: Perfect for a small business or professional services, offering excellent foot traffic and steady rental income. • Large Multi-Purpose Unit (70% Complete, materials included with sale): The crown jewel of this property, this expansive space is brimming with possibilities. Finish it as a 12-person Airbnb to capitalize on downtown’s short-term rental demand, or transform it into a spacious 2-bedroom long-term apartment for consistent income. Additional property highlights: • Situated in Burlington’s bustling downtown area • Ample parking for tenants and visitors. • Strong rental history and significant income potential. This versatile property is a rare find in Burlington’s thriving real estate market. Whether you’re looking to expand your portfolio or start a new venture, this downtown gem offers flexibility, location, and profitability. Don’t miss out – schedule your showing today!
Property Details | ||
---|---|---|
Price | $350,000 | |
Property Style | Side-by-Side | |
Lot Size Area | 0.28 | |
Lot Size Area Units | Acres | |
Property Type | MultiFamily | |
Sub type | Apartment | |
MLS Sub type | Apartment | |
Year Built | 1900 | |
Subdivision | Other | |
Parking Spaces | 20 | |
Geographic Data | ||
Directions | From HWY 75 turn west on Neosho, property on the north side of the road | |
County | Coffey County | |
Latitude | 38.194918 | |
Longitude | -95.739246 | |
Address Information | ||
Address | 408 Neosho St, Burlington, KS 66839 | |
Postal Code | 66839 | |
City | Burlington | |
State | KS | |
Country | United States | |
Listing Information | ||
Listing Office | TrustPoint Real Estate | |
Listing Office Phone | 620-364-5665 | |
Listing Office Email | [email protected] | |
Listing Agent | Tai Troxell-Coons | |
Listing Agent Phone | 620-203-0395 | |
School Information | ||
Elementary School | Burlington Elementary School/USD 244 | |
Middle School | Burlington Middle School/USD 244 | |
High School | Burlington High School/USD 244 | |
MLS Information | ||
Days on market | 5 | |
MLS Status | Active | |
Listing Date | Dec 8, 2024 | |
Listing Last Modified | Dec 14, 2024 | |
Tax ID | 001-104233 | |
Tax Annual Amount | 1844 | |
MLS # | SUN237274 |
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This information is believed to be accurate, but without any warranty.