128 E Broad Street, Burlington, NJ 08016

$145,000
5
BD
2
BA
1,626
SqFt
Sold Price
$145,000
List Price
$140,000
Closing Date
Apr 26, 2022
Days on Market
54
Status
CLOSED
MLS#
NJBL2014254
Bedrooms
5
Bathrooms
2
Full Baths
1
Half Baths
1
Living Area
1,626
Lot Size (Acres)
0.06
Style
Colonial
Year Built
1900
County
Burlington
School District
Burlington City Schools

Property Description

Investment opportunity. One-unit investment property with a 9.82% cap rate. Currently rented and tenant would like to remain. Currently paying $1,600/month. Interior row home with side alley in downtown Burlington City. A true 5 bedroom with 1 on first floor. Located on Broad Street, about 1.5 blocks from High Street in both the New Yorkshire neighborhood and the Burlington City Municipal Historic District. Zoned TC-1 (Town Center District) which means the first floor could be converted and approved for use as an office, a shop, etc. FEATURES: Living room with built-in bookshelves. Kitchen remodeled 2001. Gas cooking, dishwasher, double sink, tile backsplash, pass-through window to dining room. Bedroom with original built-in armoire. Some original wood trim and five-panel doors throughout. Baseboard radiator heat, no central air, laundry in basement. Covered front porch. EDUCATION: Students may also attend the Burlington County Institute of Technology (BCIT) and the BCIT Academy of Performing Arts. TRANSPORTATION: Downtown Burlington, New Jersey is a transit village where with one connection, you’re in New York City. Close to Routes 130, 95, 295, the NJ and PA Turnpikes, and the Burlington-Bristol Bridge. NJ Transit bus service to Trenton, Camden and Philadelphia. River Line light rail to Trenton and Camden with connections to New York City and Philadelphia. INVESTOR ANALYSIS: Low taxes, but flood insurance mean expenses could be $4,469.

Additional Information

Area
Burlington City (20305)
Subdivision
Yorkshire
Taxes
$2624
School District
Burlington City Schools
Elementary School
Captain James Lawrence E.S.
Middle School
Wilbur Watts Intermediate School
High School
Burlington City H.S.
Heating
Baseboard - Hot Water
Heating Fuel
Natural Gas
Cooling
None
Water
Public
Sewer
Public Sewer
Room Level
Living Room: Main, Dining Room: Main, Kitchen: Main, Bedroom 1: Main, Bedroom 2: Upper 1, Bedroom 3: Upper 1, Bedroom 4: Upper 2, Bedroom 5: Upper 2
Basement
Yes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Real Broker, LLC. Selling Office: .