403 WOOD ST Active Save Request In-Person Tour Request Virtual Tour
Burlington,NJ 08016
Key Details
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,816 sqft
Price per Sqft $143
Subdivision None Available
MLS Listing ID NJBL2095292
Style Traditional,Colonial
Bedrooms 4
Full Baths 1
Half Baths 1
Year Built 1890
Annual Tax Amount $4,879
Tax Year 2024
Lot Size 2,012 Sqft
Property Sub-Type Twin/Semi-Detached
Property Description
Tenant-occupied investment property located at 403 Wood St in Burlington, NJ, being sold strictly in as-is condition. Current lease generates $2,400 per month ($28,800 annually) through December 30, 2025, providing immediate cash flow for the next owner. Annual property taxes are approximately $5,147, producing a net operating income of about $23,653. At the asking price of $260,000, this equates to an estimated cap rate between 8.7%–9%, a healthy return for the Burlington market. The tenant has already completed updates including kitchen appliance replacements, toilet upgrades, interior repainting, and backyard landscaping, with additional upside available through further renovations. Conveniently located near the Delaware River waterfront with easy access to Route 130, I-295, and the NJ Transit River Line, this property offers both stability and strong growth potential for investors.
Location
State NJ
County Burlington
Area Burlington City (20305)
Zoning TRN
Rooms
Other Rooms Living Room,Dining Room,Primary Bedroom,Bedroom 2,Bedroom 3,Bedroom 5,Kitchen,Basement,Sun/Florida Room,Bathroom 1
Interior
Hot Water Natural Gas
Heating Hot Water,Radiator
Cooling Wall Unit
Flooring Hardwood
Laundry Basement
Exterior
Exterior Feature Patio(s),Porch(es),Enclosed
Utilities Available Cable TV,Natural Gas Available
Water Access N
Roof Type Shingle
Building
Lot Description Rear Yard
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Plaster Walls
New Construction N
Schools
School District Burlington City Schools
Others
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash
Special Listing Condition Standard
Pets Allowed No Pet Restrictions