Average square foot calculated using Size range provided by listing agent.
Description
Excellent investment opportunity in Burlington City, NJ that produces a 9% CAP RATE! P&L attached in the documents section. 232 W Union St features two fully occupied rental units with long-term tenants and excellent rental income. Unit A is a 2-bedroom 1 bath unit with electric heat and rents out for $1, 750. Unit B is 2-bedroom 1 bath unit with gas heat and rents out for $1, 650. All units are well maintained with significant upgrades throughout. All separate utilities in place for tenants with the landlord covering water/sewer, insurance & taxes. Water/Sewer - $1, 200, Insurance - $2, 356, Taxes $5, 603. Conveniently located within minutes of several major highways and the NJ Turnpike offering easy access to Philadelphia. This is an excellent investment opportunity with major upside.Show Description
MLS® NumberNJBL2089624
Laundry Level
Central VacNo
FireplaceNo
Acreage0.05
Exterior
GarageNo
Approx. Age1900
Basement
DrivewayOn Street
Garage Spaces
HeatBaseboard - Electric, Baseboard - Hot Water, Electric, Natural Gas
A/CWindow Unit(s)
Heating Fuel
Extras
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