232 W Union Street, BURLINGTON, NJ 08016 (MLS # NJBL2089624)
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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.
| DAYS ON MARKET | 4 | LAST UPDATED | 6/18/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Burlington City (20305) |
| COUNTY | BURLINGTON | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| School District | BURLINGTON TOWNSHIP |
|---|
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Burlington City (20305) |
| CONSTRUCTION | Block |
| HEAT | Baseboard, Electric, Natural Gas |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 20.00 x 108.00 |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STYLE | Side-by-Side |
| TAXES | 5603 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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