232 W Union Street

BURLINGTON, NJ 08016

  • 0 Bed(s)
  • 0 Bath(s)
  • 1,928 Sqft
  • 2161
    Sqft(Lot)
$360,000

Description

Excellent investment opportunity in burlington city, nj that produces a 9% cap rate! p&l attached in the documents section.

232 w union st features two fully occupied rental units with long-term tenants and excellent rental income. unit a is a 2-bedroom 1 bath unit with electric heat and rents out for $1,750. unit b is 2-bedroom 1 bath unit with gas heat and rents out for $1,650. all units are well maintained with significant upgrades throughout. all separate utilities in place for tenants with the landlord covering water/sewer, insurance & taxes. water/sewer - $1,200, insurance - $2,356, taxes $5,603. conveniently located within minutes of several major highways and the nj turnpike offering easy access to philadelphia. this is an excellent investment opportunity with major upside.

  • Property Type

    Multi-Family

  • County

    BURLINGTON

  • Style

    Side-by-Side

  • AD ID

    50199769

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Property Details

  • Water/Sewer

    • Water Source : Public

    Heating & Cooling

    • Cooling: Window Unit(s)
    • Heating: Baseboard - Electric,Baseboard - Hot Water
    • Cooling Fuel: None
    • Heating Fuel: Electric,Natural Gas

  • Building Information

    • Year Built: 1900
    • Structure: Twin/Semi-Detached
    • New Construction: No
    • Total Units: 2
    • Built: 1900
    • Construction Material: Block
    • Foundation/Basement: Block
    • Architecture: Side-by-Side
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 2,161
    • Dimensions: 20.00 x 108.00
    • Lot Size (Acres): 0.05
    • Architectural Style: Side-by-Side
    • Main Square Feet: 2,161

    Property Information

    • SQ ft: 1,928
    • SQ ft (Living Area): 1,928
    • Total Lot SQ ft: 2,161
    • Appx. Lot Dimensions: 20.00 x 108.00
    • Total Acreage: 0.05
    • New Construction: No
    • Type: Side-by-Side

  • Listing Information

    • Possession: 0-30 Days CD,31-60 Days CD,61-90 Days CD
    • Days Of Market: 2

  • Tax Information

    • Annual Tax: $5,603
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • 0-30 Days CD,31-60 Days CD,61-90 Days CD

    Assessment Information

    • Taxes Assessment Amount: $129,400

  • Parking Information

    • Parking Type: On Street

    Homeowners Association Information

    • Direction: Use GPS

  • School Information

    • School District: BURLINGTON TOWNSHIP

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: None
    • Heating Fuel: Electric,Natural Gas
    • Hot Water: Natural Gas

    Location Information

    • Direction: Use GPS
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BuyOwner last updated this listing 06/21/2025 @ 00:39

  • MLS: NJBL2089624
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 1,928 sqft, 2,161 sized lot, and 0 parking. are nearby neighborhoods.