324 TIMBERLINE DR
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 12, 2023 | Sold | ||
| Sold | |||
| Apr 13, 2023 | In contract | - | |
| In contract | |||
| Apr 3, 2023 | Listed by Weichert Realtors - Moorestown | $319,000 | |
| Listed by Weichert Realtors - Moorestown | |||
| Dec 27, 2022 | Sold | ||
| Sold | |||
| Dec 1, 2022 | Listed by Weichert Realtors - Moorestown | $167,000 | |
| Listed by Weichert Realtors - Moorestown | |||
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Strictly "As Is" see agent remarks. Priced according to the needs of the property. Investors Delight... Great Location! Great Bones! Great Potential! Needs updating and cosmetics and septic system (currently a Cess Pool) There are wood floors under the carpets in living room, and all 3 bedrooms!! The oversized 16x20 garage w/"lean to" has a wood stove, electric and lots of goodies being left behind for the next owner to enjoy or sell! Deep backyard all situated on a high lot in a nicely maintained neighborhood. Includes washer, dryer, Kit Refrigerator, garage door is updated.Attic has added installation. The gas HVAC replaced apx. 2009, the gas hot water heater is 50+ gallons. Serviced by Public Water, Sewer is Cess pool, and will need to be replaced with septic system . The long driveway can easily accommodate 6 cars! The Bay Window in Liv Rm is "Andersen". Calling on Investors, Flippers and Cash Buyers!
Will need a Temp CCO for closing, with buyer agreeing not to occupy property until final CCO is issued. Buyer responsible CCO requirements including installation of septic system or as Twp/MUA requires.
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Property Highlights
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017