$270,000
$249,900
8.0%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Germaine Carroll • ERA Central Realty Group - Bordentown
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REALTOR® | License ID: 1111154