232 W UNION ST new to site Save Request In-Person Tour Request Virtual Tour
Burlington,NJ 08016
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,928 sqft
Price per Sqft $186
MLS Listing ID NJBL2089624
Style Side-by-Side
Abv Grd Liv Area 1,928
Year Built 1900
Annual Tax Amount $5,603
Tax Year 2024
Lot Size 2,161 Sqft
Acres 0.05
Lot Dimensions 20.00 x 108.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
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.
Location
State NJ
County Burlington
Area Burlington City (20305)
Zoning MULTIFAMILY
Interior
Hot Water Natural Gas
Heating Baseboard - Electric,Baseboard - Hot Water
Cooling Window Unit(s)
Fireplace N
Heat Source Electric,Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Side-by-Side
Additional Building Above Grade
New Construction N
Schools
School District Burlington Township
Others
Tax ID 05-00016-00006
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard