315 Jefferson/214 North 4th Street
40,000 sqft of leased units with potential for more.
Marketing description
This is a rare chance to step into an already cash-flowing asset while still holding the keys to major capital appreciation. You aren't just buying a building; you are acquiring a proven income stream with a clear, actionable roadmap to increase its cap rate.
Investment highlights
Stabilized Day-One Income: The property is already doing the heavy lifting. All but one of the currently active, market-ready units are fully leased, providing a reliable revenue stream from the moment of closing.
Massive Footprint: 40,000 total sq. ft. across three stories, plus basement, offers incredible economies of scale under a single roof.
Unbeatable Location: Situated in Burlington's vibrant historic district, the property boasts excellent walkability. Tenants are just steps away from local staples, dining, and the Mississippi riverfront.
The Value-Add Upside
The true wealth-building potential of this property lies in its unoptimized space. In addition to the single active vacancy, there is a block of offline units waiting to be renovated and brought to market. This is a blank canvas for a savvy investor. By executing a targeted rehab on these units you can command premium, top-of-market rents.
Leasing up these newly redone units will drastically increase the building's overall Net Operating Income (NOI) and skyrocket the property's valuation. Furthermore, the expansive basement provides an opportunity for additional revenue streams, whether through monetized tenant storage, laundry facilities, or optimized utility management.
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