Incredible investment opportunity that you simply cannot afford to miss. We have a remarkable TWO-units property available for purchase, boasting an impressive 9.00% cap rate. What sets this property apart is that it is already occupied by a content tenant who wishes to continue their stay. With a monthly rent of $2,400 for both units, you can expect a steady and reliable income stream from day one. Situated in the heart of downtown Burlington City, New Jersey, this charming home offers a total of 4 bedrooms. One unit features 3 bedrooms and rents for $1,400 per month, while the other unit offers 1 large bedroom and rents for $1,000 per month. The property is located on Bordentown Rd, near High Street, in the historic New Yorkshire neighborhood and the Burlington City Municipal Historic District, ensuring a unique and desirable location for prospective tenants. The property itself boasts numerous appealing features and potentials. Each unit is equipped with its own utilities, hot water heater, and baseboard radiator heat, providing convenience and flexibility for both tenants and landlords. Additionally, the location is ideal for transportation and education, with the Burlington County Institute of Technology (BCIT) and the BCIT Academy of Performing Arts in close proximity. As a transit village, Downtown Burlington offers access to NJ Transit bus service and River Line light rail service, connecting residents to Trenton, Camden, Philadelphia, New York City, and beyond. Moreover, the property's proximity to major highways and bridges ensures easy accessibility for commuters and travelers alike. One of the most enticing aspects of this investment opportunity is the investor analysis, which indicates low taxes for the property. This, coupled with the minimal annual expenses, further enhances the profitability and potential.

Listing courtesy of AJMLS / EXP REALTY, LLC

Last checked: Checking… • Last updated Jul 12, 2024 • Source: AJMLS

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