Burlington, NJ 08016,632 BORDENTOWN RD
Burlington, NJ 08016,632 BORDENTOWN RD
Burlington, NJ 08016,632 BORDENTOWN RD
Burlington, NJ 08016,632 BORDENTOWN RD
Burlington, NJ 08016,632 BORDENTOWN RD
Burlington, NJ 08016,632 BORDENTOWN RD
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$270,000

$249,900

8.0%
Est.Price: ?

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Est. payment /mo

1,897 SqFt


SOLD DATE : 01/25/2024

Key Details

Sold Price $270,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,897 sqft

Price per Sqft $142

MLS Listing ID NJBL2055106

Sold Date 01/25/24

Style A-Frame

Abv Grd Liv Area 1,897

Originating Board BRIGHT

Year Built 1853

Annual Tax Amount $5,574

Tax Year 2022

Lot Dimensions 18.00 x 112.00

Property Description

Don't miss this amazing opportunity*** to invest in a TWO-units property that offers a 9.00% cap rate. The property is already occupied by a happy tenant who wants to stay. The rent is $2,400/a month for both units. The property is a charming home in downtown Burlington City, New Jersey. It has 4 bedrooms, one unit with 3 bedrooms that rents for $1400 a month, and another unit with 1 large bedroom that rents for $1000 a month. Excellent location. The property is located on Bordentown Rd, near High Street, in the historic New Yorkshire neighborhood and the Burlington City Municipal Historic District. The property has many appealing features and potentials. Each unit has its own utilities, hot water heater, and baseboard radiator heat. The location is ideal for transportation and education. Students can go to the Burlington County Institute of Technology (BCIT) and the BCIT Academy of Performing Arts. Downtown Burlington is a transit village with access to NJ Transit bus service and River Line light rail service to Trenton, Camden, Philadelphia, New York City and beyond. The property is also close to major highways and bridges. The investor analysis shows that the property has low taxes. The annual expenses could be very minimal.

Location

State NJ

County Burlington

Area Burlington City (20305)

Zoning R-3

Rooms

Basement Side Entrance, Unfinished

Interior

Hot Water Natural Gas

Heating Radiator

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Utilities Available Sewer Available, Electric Available, Natural Gas Available

Water Access N

Roof Type Shingle

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style A-Frame

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Burlington City Schools

Others

Tax ID 05-00206-00010

Ownership Other

Security Features Smoke Detector

Acceptable Financing Cash, Conventional, FHA, VA, USDA

Listing Terms Cash, Conventional, FHA, VA, USDA

Financing Cash,Conventional,FHA,VA,USDA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Sam Mikhail • EXP Realty, LLC
Bought with Germaine Carroll • ERA Central Realty Group - Bordentown

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Rachel Romano

REALTOR® | License ID: 1111154

+1(609) 238-1329

123 W Jersey Ave, Pitman, NJ, 08071

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