1. New Jersey
2. Burlington
3. 232 W UNION STREET

232 W UNION STREET, Burlington, NJ 08016

• 1,928 sqft

Property Description

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 Status:

Active

Listing Office:

BHHS Fox & Roach-Marlton : 8568105300

Listing Agent:

Jonathan Zachary Benstead : 8564659573

MLS ID:

NJBL2089624

Interior

• A/C: Window Unit(s)
• Heating: YBaseboard - ElectricBaseboard - Hot WaterElectricNatural Gas
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Jonathan Zachary Benstead, BHHS Fox & Roach-Marlton