509 Lumberton Road Hainesport, NJ 08036

$599,000
3,996
SQFT
150
$/SQFT
$599,000
3,996   sf
$150 / sf
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Opportunity is knocking ..... Passive Income Special !!! This 4-unit dwelling is situated on a 1.14-acre lot in the tax-friendly municipality of Hainesport. This 4-plex consists of (1)3-bedroom unit, (1)2-bedroom unit, and (2) 1-bedroom units (one of which is a studio). Additionally, the property features a 3-bay detached garage, which can be leased separately, providing an additional steady stream of income. With some updating and remodeling, this 4-unit multi-family property lends itself to a very positive ROI. All units are presently occupied with the present leases in different stages of their lease term ( which are below the comparable market rate). NO SEPTIC SYSTEM- PUBLIC WATER and SEWER! The tenant is responsible for their utilities ( gas /electric) and insurance. The owner is responsible for water/sewer and maintenance of the grounds. Additionally, there is ample parking and a full basement. Home backs up to treed property line, offering a spacious rear yard. Property located Rt off of Route 38 and most convenient to shopping, eateries, and just minutes to Route 295. Opportunities like this don't present themselves often. DO THE MATH !!.

Opportunity is knocking ..... Passive Income Special !!! This 4-unit dwelling is situated on a 1.14-acre lot in the tax-friendly municipality of Hainesport. This 4-plex consists of (1)3-bedroom unit, (1)2-bedroom unit, and (2) 1-bedroom units (one of which is a studio). Additionally, the property features a 3-bay detached garage, which can be leased separately, providing an additional steady stream of income. With some updating and remodeling, this 4-unit multi-family property lends itself to a very positive ROI. All units are presently occupied with the present leases in different stages of their lease term ( which are below the comparable market rate). NO SEPTIC SYSTEM- PUBLIC WATER and SEWER! The tenant is responsible for their utilities ( gas /electric) and insurance. The owner is responsible for water/sewer and maintenance of the grounds. Additionally, there is ample parking and a full basement. Home backs up to treed property line, offering a spacious rear yard. Property located Rt off of Route 38 and most convenient to shopping, eateries, and just minutes to Route 295. Opportunities like this don't present themselves often. DO THE MATH !!.

  • Neighborhood
  • Type
  • County
    Burlington
  • Area
    Hainesport Twp
  • Tax Amount
    $6,849
  • Status
    Active
  • Listing #
    NJBL2089394
  • Built
    1910
  • Listed on site
    6 days
  • Listing Agent Id
    121193896731

Listed by:
Coldwell Banker Realty

Source:
BRIGHT MLS

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Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Parking Off-Street
  • Basement

Style

  • Colonial
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