$ 360,000
-
$360,000
Price -
4
Bed - Bath
-
1,928
SqFt
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About the Listing 61053 - 3361991
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.
Listing Highlights for 232 W Union St
Status
Active
Days on Site
139
Property Type
Multi-Family
MLS ®
NJBL2089624
Year Built
1900
Total Square Footage
1,928
Lot/Acreage
0.05
Interior Details
- Bedrooms: 4
- Bathrooms: Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Baseboard - Electric,Baseboard - Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1928
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 20.00 x 108.00
- Zoning: MULTIFAMILY
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $5,603
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
232 W Union St Burlington, NJ 08016
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