256 E Chestnut Street, Burlington, WI 53105
- $1,750,000
- 8,000
- SqFt
Listing courtesy of Great Lakes Real Estate Svs.
- List Price
- $1,750,000
- MLS#
- 1980528
- Status
- ACTIVE
- Year Built
- 1900
- County
- Racine
- Municipality
- Burlington
- TotalSqFt
- 8,000
- Acres
- 0.10
Property Description
Exceptional mixed-use investment opportunity in Downtown Burlington! Fully gutted, renovated and repurposed in 2021 with extensive updates including roof, exterior, mechanicals and interiors. Property features 2 commercial suites with tenants recently signing new 3-year leases, plus an established, fully furnished Airbnb operation consisting of 4 units: three 2BR/1BA units and one studio. All Airbnb furnishings included in the sale for a turnkey opportunity. Seller reports total property NOI of approximately $185,000-$200,000 annually, with additional value-add and revenue growth potential. Strong diversified income stream with major capital improvements already completed.
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Additional Information
- TotalTaxes
- $7,637
- Basement
- Full
- Exterior
- Brick, Brick/Stone
- Roof
- Rubber/Membrane
- Courtesy Of
- Great Lakes Real Estate Svs
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