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MULTIFAMILY PROPERTY W/ GREAT RENTAL HISTORY! 219 E Broad St 2 Unit Apartment Building $388,888 ($194,444/Unit) Burlington, NJ 08016
Executive Summary
This 2-unit multifamily property located at 219 E Broad St, Burlington, NJ is offered at $388,888 and presents a strong investment opportunity with immediate cash flow potential. The property consists of a first-floor 2-bedroom, 1-bathroom unit that is currently occupied and rented for $1,750 per month, as well as a spacious second-floor 3-bedroom, 2-bathroom unit that is also occupied and rented for $2,000 per month. The building features separate electric utilities for each unit and one shared gas meter for the property. Owner pays taxes, insurance, gas, & water/sewer. Conveniently situated in downtown Burlington City, the location provides easy access to the River Line and Philadelphia, PA. This property is ideal for investors seeking steady rental income or an owner-occupant looking to offset living expenses with rental revenue.
Please contact Jon Benstead at (856) 613-8003 to schedule a showing.
Please contact Jon Benstead at (856) 613-8003 to schedule a showing.
Property Facts
| Price | $388,888 | Building Class | C |
| Price Per Unit | $194,444 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 2,498 SF |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $388,888 |
| Price Per Unit | $194,444 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,498 SF |
| No. Stories | 3 |
| Year Built | 1986 |
| Opportunity Zone |
Yes |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05-00131-0000-00045 | Improvements Assessment | $84,600 |
| Land Assessment | $25,400 | Total Assessment | $110,000 |
Property Taxes
Parcel Number
05-00131-0000-00045
Land Assessment
$25,400
Improvements Assessment
$84,600
Total Assessment
$110,000
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MULTIFAMILY PROPERTY W/ GREAT RENTAL HISTORY! | 219 E Broad St
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