$320,000
●
House -
Off Market
342 BROWN ST
BURLINGTON, NJ 08016
4 Beds
2 Baths,
1
Half Bath
1,770 Ft²
$1,420
Est. Monthly
About This Property
****BEST & FINAL Saturday 6/22/2024 5pm****
****SHOWINGS END 1pm Saturday 6/22/2024 after open house****
Welcome to the heart of Burlington City, where you can walk to restaurants, night life, shops or take a stroll on the river. This colonial style, 4 bedroom 1.5 bath home offers plenty of living space on the first floor including an eat-in kitchen, dining room and large living room. There is also a half-bath conveniently located on this level. Upstairs you will find four generous-sized bedrooms, each with plenty of natural light. The hall bathroom features 2 sinks, a linen closet, and a shower with a full bathtub. This home has the added bonus of a full partially finished basement offering an additional family room plus unfinished space which includes a massive laundry area, and additional room for storage or a workshop space. Outside you will be pleased with the fully fenced front and back yard, as well as some nice established shrubs and bushes. The home is priced with consideration that there are some cosmetic upgrades and finishes needed. This is an "As is" sale, the sellers are not making any repairs, they will however obtain the Burlington City Resale Certificate. Flood insurance is not required.
****SHOWINGS END 1pm Saturday 6/22/2024 after open house****
Welcome to the heart of Burlington City, where you can walk to restaurants, night life, shops or take a stroll on the river. This colonial style, 4 bedroom 1.5 bath home offers plenty of living space on the first floor including an eat-in kitchen, dining room and large living room. There is also a half-bath conveniently located on this level. Upstairs you will find four generous-sized bedrooms, each with plenty of natural light. The hall bathroom features 2 sinks, a linen closet, and a shower with a full bathtub. This home has the added bonus of a full partially finished basement offering an additional family room plus unfinished space which includes a massive laundry area, and additional room for storage or a workshop space. Outside you will be pleased with the fully fenced front and back yard, as well as some nice established shrubs and bushes. The home is priced with consideration that there are some cosmetic upgrades and finishes needed. This is an "As is" sale, the sellers are not making any repairs, they will however obtain the Burlington City Resale Certificate. Flood insurance is not required.
Unit Size
1,770 Ft²
Days on Market
10 days
Land Size
0.12 acres
Price per sqft
$163
Property Type
House
Property Taxes
$552
HOA Dues
-
Year Built
1973
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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: 3 years ago (Bright MLS #NJBL2067544)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Jun 26, 2024 | In contract | - | |
| In contract | |||
| Jun 16, 2024 | Listed by Keller Williams - Main Street | $289,000 | |
| Listed by Keller Williams - Main Street | |||
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About Burlington
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Listed by: Jaclyn Walther
Keller Williams - Main Street
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# NJBL2067544
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Keller Williams - Main Street
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# NJBL2067544
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