Burlington, NJ 08016,232 W UNION ST
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Burlington, NJ 08016,232 W UNION ST
Burlington, NJ 08016,232 W UNION ST
Burlington, NJ 08016,232 W UNION ST
Burlington, NJ 08016,232 W UNION ST
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Listed by Jonathan Zachary Benstead • BHHS Fox & Roach-Marlton
$ 360,000
Est. payment /mo
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Active

232 W UNION ST Burlington, NJ 08016

1,928 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,928 sqft

Price per Sqft $186

MLS Listing ID NJBL2089624

Style Side-by-Side

Abv Grd Liv Area 1,928

Year Built 1900

Annual Tax Amount $5,603

Tax Year 2024

Lot Size 2,161 Sqft

Acres 0.05

Lot Dimensions 20.00 x 108.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

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.

Location

State NJ

County Burlington

Area Burlington City (20305)

Zoning MULTIFAMILY

Interior

Hot Water Natural Gas

Heating Baseboard - Electric, Baseboard - Hot Water

Cooling Window Unit(s)

Fireplace N

Heat Source Electric, Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Side-by-Side

Additional Building Above Grade

New Construction N

Schools

School District Burlington Township

Others

Tax ID 05-00016-00006

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard


Bright MLS (BMLS)
agent

Stephanie Somers

Co-Owner of The Somers Team | KELWLMCCRS294051

+1(215) 694-3707

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232 W UNION ST