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| Description |
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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.
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| Room Sizes |
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| Living Room |
25 |
x |
12 |
Main Level |
| Dining Room |
16 |
x |
11 |
Main Level |
| Kitchen |
12 |
x |
9 |
Main Level |
| Sun Room |
14 |
x |
10 |
Main Level |
| Bathroom 1 |
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x |
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Upper Level |
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| Master Bed |
13 |
x |
12 |
Upper Level |
| Bedroom 2 |
22 |
x |
15 |
Upper Level |
| Bedroom 3 |
11 |
x |
10 |
Upper Level |
| Bedroom 4 |
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x |
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Upper Level |
| Basement |
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x |
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Lower Level |
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| Location |
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| Driving Directions |
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| Details |
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Architectural Type - Traditional, Colonial
Flooring - Hardwood
Basement - Full, Unfinished, Block
Interior Features - Kitchen - Eat-In, Carpet, Ceiling Fan(s), Formal/Separate Dining Room, Bathroom - Tub Shower, Crown Moldings, Wood Floors, Laundry: Basement
Rooms List - Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 5, Kitchen, Basement, Sun/Florida Room, Bathroom 1
Roofing - Shingle
Lot Features - Rear Yard
Exterior Features - Frame
Cooling - Wall Unit, Electric
Heating - Hot Water, Radiator, Oil
Hot Water - Natural Gas
Sewer - Public Sewer
Water - Public
Additional Utilities - Cable TV, Natural Gas Available, Electric: 100 Amp Service
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