128 E BROAD ST
Burlington, NJ 08016

Investment opportunity. One-unit investment property with a 9.82% cap rate. Currently rented and tenant would like to remain. Currently paying $1,600/month. Interior row home with side alley in downtown Burlington City. A true 5 bedroom with 1 on first floor. Located on Broad Street, about 1.5 blocks from High Street in both the New Yorkshire neighborhood and the Burlington City Municipal Historic District. Zoned TC-1 (Town Center District) which means the first floor could be converted and approved for use as an office, a shop, etc. FEATURES: Living room with built-in bookshelves. Kitchen remodeled 2001. Gas cooking, dishwasher, double sink, tile backsplash, pass-through window to dining room. Bedroom with original built-in armoire. Some original wood trim and five-panel doors throughout. Baseboard radiator heat, no central air, laundry in basement. Covered front porch. EDUCATION: Students may also attend the Burlington County Institute of Technology (BCIT) and the BCIT Academy of Performing Arts. TRANSPORTATION: Downtown Burlington, New Jersey is a transit village where with one connection, you’re in New York City. Close to Routes 130, 95, 295, the NJ and PA Turnpikes, and the Burlington-Bristol Bridge. NJ Transit bus service to Trenton, Camden and Philadelphia. River Line light rail to Trenton and Camden with connections to New York City and Philadelphia. INVESTOR ANALYSIS: Low taxes, but flood insurance mean expenses could be $4,469.