UPDATED:
10/21/2024 08:11 PM
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,856 sqft
Price per Sqft $175
MLS Listing ID NJBL2063850
Style Ranch/Rambler
Abv Grd Liv Area 1,856
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $4,541
Tax Year 2022
Lot Size 0.510 Acres
Acres 0.51
Property Description
9.42 CAP RATE! Excellent investment opportunity in Mount Holly, NJ. Conveniently located within minutes of several major highways and the NJ Turnpike offering easy access to Philadelphia. 2430 Route 206 features three fully occupied rental units with long-term tenants and excellent rental income. Unit 1 is a studio that rents out for $900, Unit 2 is a 2-bedroom that rents out for $1,200 & Unit 3 is a 2-bedroom that rents out for $1,200. All units are well maintained with significant upgrades throughout. There is a common patio shared by all three units and reserved onsite parking. Property is septic and well. All separate utilities in place for tenants with the landlord covering oil, insurance & taxes. This is an excellent investment opportunity with major upside.
Location
State NJ
County Burlington
Area Mount Holly Twp (20323)
Zoning COMMERCIAL
Rooms
Basement Outside Entrance
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water, Baseboard - Electric
Cooling Wall Unit
Heat Source Oil
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway, Parking Lot
Garage N
Building
Foundation Brick/Mortar
Sewer On Site Septic
Water Well
Architectural Style Ranch/Rambler
Additional Building Above Grade
New Construction N
Schools
School District Mount Holly Township Public Schools
Others
Tax ID 29-00781-00001
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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