Burlington
327 MELROSE AVE
$171,000
●
House -
Off Market
327 MELROSE AVE
MAPLE SHADE, NJ 08052
2 Beds
2 Baths
1,483 Ft²
$139,115
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model
About This Property
Back on market and ready for a new buyer! This is a HUD Home Case
#351-563948. Great opportunity to buy and renovate to your
own taste this wonderful two bedroom bungalow with two full
baths and full walk up heated finished attic and a full unfinished
basement. Garage in "as is" condition do not enter. HUD
home sold "As Is" with Buyer responsible for any and all
municipality c/o requirements and certifications, transfer tax, and
conveyancing fees are buyer expenses, Utilities are off so
use caution. Buyers agent must be present at all showings and
inspections. Bids that require financing must include a
pre-approval letter or proof of funds which must include Hud case
number and property address. Property Condition Report and Property
Listing Disclosure downloaded in Disclosures on HUD home store
(www.hudhomestore.com). This property is IE (insured escrow)
see Escrow Repair in Property Listing Disclosure under MPR property
repairs.
Unit Size
1,483 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$91
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1926
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
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%.
How much can I actually make?
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.
How is cap rate calculated?
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.
Last updated: 4 years ago (Bright MLS #NJBL2028586)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 20, 2023 | Sold | ||
| Sold | |||
| Jun 24, 2022 | Listed by Family Five Homes | $135,000 | |
| Listed by Family Five Homes | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Burlington
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Listed by: Anna Chain
Family Five Homes
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJBL2028586
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Family Five Homes
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJBL2028586
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