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.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
-
1,897SQFT
-
$132$/SQFT
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.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-11-28T19:51:35.93.