$ 260,000
-
$260,000
Price -
4
Bed -
1.5
Bath -
1,816
SqFt
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About the Listing 54907 - 3364765
Tenant-occupied investment property located at 403 Wood St in Burlington, NJ, being sold strictly in as-is condition. Current lease generates $2,400 per month ($28,800 annually) through December 30, 2025, providing immediate cash flow for the next owner. Annual property taxes are approximately $5,147, producing a net operating income of about $23,653. At the asking price of $260,000, this equates to an estimated cap rate between 8.7%–9%, a healthy return for the Burlington market. The tenant has already completed updates including kitchen appliance replacements, toilet upgrades, interior repainting, and backyard landscaping, with additional upside available through further renovations. Conveniently located near the Delaware River waterfront with easy access to Route 130, I-295, and the NJ Transit River Line, this property offers both stability and strong growth potential for investors.
Listing Highlights for 403 Wood St
Status
Active
Days on Site
17
Property Type
Residential
MLS ®
NJBL2095292
Year Built
1890
Total Square Footage
1,816
Lot/Acreage
0.05
Interior Details
- Bedrooms: 4
- Bathrooms: 1 Full / 1 Half
- Appliances:
- Air Cond: Wall Unit
- Heating: Hot Water,Radiator
- Fireplaces:
- Floor: Hardwood
- Above Ground Sq Ft: 1816
- Below Ground Sq Ft: 0
- Basement: Full,Unfinished
- Other: Kitchen - Eat-In,Carpet,Ceiling Fan(s),Formal/Separate Dining Room,Bathroom - Tub Shower,Crown Moldings,Wood Floors,No Pet Restrictions,Pets Allowed
- Water: Public
Exterior Details
- Lot Description: Rear Yard,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 19.00 x 106.00
- Zoning: TRN
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $4,879
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
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Listing Location
Questions About..
403 Wood St Burlington, NJ 08016
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