About 232 W Union St
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.
Features of 232 W Union St
| MLS® # | NJBL2089624 |
|---|---|
| Price | $360,000 |
| Bathrooms | 0.00 |
| Square Footage | 1,928 |
| Acres | 0.05 |
| Year Built | 1900 |
| Type | Multi-Family |
| Sub-Type | Duplex, Twin/Semi-Detached |
| Style | Side-by-Side |
| Status | Active |
Community Information
| Address | 232 W Union St |
|---|---|
| Area | Burlington City (20305) |
| City | BURLINGTON |
| County | BURLINGTON-NJ |
| State | NJ |
| Municipality | BURLINGTON CITY |
| Zip Code | 08016 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Baseboard - Electric, Baseboard - Hot Water |
|---|---|
| Cooling | Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Block |
|---|---|
| Foundation | Block |
School Information
| District | BURLINGTON TOWNSHIP |
|---|
Additional Information
| Date Listed | June 18th, 2025 |
|---|---|
| Days on Market | 130 |
| Zoning | MULTIFAMILY |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | BHHS Fox & Roach-Marlton |
|---|---|
| Contact Info | 8568105300 |