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127-129 E Broad St Burlington 129 E Broad St 6 Unit Apartment Building $600,000 ($100,000/Unit) Burlington, NJ 08016
Investment Highlights
- Property is located with in walking distance to light rail train, bus stations, Delaware water front, shopping, restaurants.
- Property has potential to separate the 4 unit apartment building from the single family house that could be a flip project.
Executive Summary
6 Units plus possibility to add more!! Two properties being sold as a package deal totaling 5 residential units and 1 commercial unit Property 1 is 127 E Broad St which consists of four 1 bedroom apartments. Each unit has their own heater and hot water heater. Tenants pay their own electric and gas landlord pays water and sewer. Currently 3 of the units are occupied and 1 is vacant. Property 2 is 129-131 E Broad St. This property is a complete rehab and is currently configured as a large 5/6 bedroom house and a small office on the right side. There is potential to convert the house into apartments while keeping the first floor commercial. Buyer should confirm any and all zoning questions with the City of Burlington Zoning officer. This is a unique opportunity where you will have rental income from day 1 while you rehab the other side. Property is being sold in as-is condition and buyer is responsible for all inspections that need to be completed to transfer title including but not limited to CO Inspection and any other inspections needed.
Property Facts
Amenities
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 1+1 | 2 | - | - |
| 1+1 | 3 | - | - |
| 1+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 05-00134-0000-00015 | Improvements Assessment | $74,000 |
| Land Assessment | $100,000 | Total Assessment | $174,000 |
Property Taxes
Parcel Number
05-00134-0000-00015
Land Assessment
$100,000
Improvements Assessment
$74,000
Total Assessment
$174,000
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127-129 E Broad St Burlington | 129 E Broad St
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