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129 E Broad St - 127-129 E Broad St Burlington 6 Unit Apartment Building Offered at $821,772 CAD 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
| Price | $821,772 CAD | Building Size | 3,000 SF |
| Price Per Unit | $136,962 CAD | No. Stories | 3 |
| Sale Type | Investment | Year Built | 1900 |
| No. Units | 6 | Opportunity Zone |
Yes
|
| Property Type |
| Price | $821,772 CAD |
| Price Per Unit | $136,962 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | |
| Building Size | 3,000 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
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)
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129 E Broad St - 127-129 E Broad St Burlington
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