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Burlington
08016
08016
W75° 8' 8.4''
N40° 4' 39.5''
Contact Info
Jonathan Benstead
3042908
Property 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.

232 W Union Street

Burlington, New Jersey 08016, United States

  • Bedrooms : 4
  • Square Footage: 2,178 Sqft
$360,000
Listing ID#154002
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Basic Details
Property Type : Residential
Listing Type : Active
Listing ID : 154002
Ref ID : 407493270
Price : $360,000
Bedrooms : 4
Square Footage : 2,178 Sqft
Lot Area : 0.05 Sqft
MLS : NJBL2089624
Office ID : PA301-062
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Agent info
Fox & Roach, REALTORS
Fox & Roach, REALTORS
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