129 E Broad St - Multi-Family FOR SALE


Burlington, NJ 08016
$600,000 USD
609-386-1636
129 E Broad St, Burlington, NJ for Sale
$600,000 USD
Multi-Family - FOR SALE
1/11
null | Request Cap Rate

129 E Broad St
Burlington, NJ 08016


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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

6

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

127-129 E Broad St Burlington

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

05-00134-0000-00015

ASK ABOUT THIS PROPERTY

Thomas SasakiRe/Max World Class RealtyMore Info
609-386-1636

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Thomas SasakiRe/Max World Class RealtyMore Info
609-386-1636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.