Address
101 Broad Street, Mount Holly, NJ
Price
$ 650,000
Property Attributes
- MLS#NJBL2057604
- TypeContingent
- CountyBURLINGTON
- CityMount Holly
- AreaMount Holly Twp
- Zip08060
- Style
- Price$ 650,000
- Bedrooms7
- Full Bathrooms0
- Half Bathrooms0
- Lot Size6,970 SqFt
Data Source:
Bright MLS
Property Description
Calling all investors. Don't miss this unique opportunity to scale your multi-Family investment portfolio with one purchase. This building is comprised of 7 one bedroom, one bathroom units. Current rent roll is $84,180 with an opportunity to raise rents to produce at least $98,000 in rent roll. With a rent roll of $98,000 your CAP Rate would be approx 11%. Approximate expenses per owner are $26,581. Current owner has an inhouse property manager that has been managing the property for years. There will be no normal showings, we will only work to make arrangements with serious vetted investors. Please do not disturb the occupants or try and enter the property.
| Price History | |
|---|---|
| 12/14/2023 | Listed $650,000 |
General Features
| Sewer | No Septic System |
|---|---|
| Heating | Other |
| Cooling | Other |
| Possession | Immediate |
| Zoning | R2 |
| Pool Y/N | No Pool |
| Architectural Style | Other |
| Construction Materials | Other |
| Year Built | 1912 |
| Property SubType | Other |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Other |
| Gross Income | 84180.00 |
| OwnerPays | Electricity,Gas,Insurance,Pest Control,Repairs,Sewer,Water |
| Accessibility | Other |
| County | BURLINGTON |
| Net Operating Income | 57600.00 |
| Operating Expense | 26581.00 |
| Insurance Expense | 6500.00 |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE UNDER CONTRACT |
| Directions | High St to Broad St |
| ModificationTimestamp | 2024-05-01T00:06:07 |
| City | MOUNT HOLLY |
| Buyer Agent Compensation | 2.5 |
| Total Units | 1 |
| MLS Area | Mount Holly Twp (20323) |
| Lot Size Square Feet | 7122.00 |
| Tax Assessed Value | 0.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 7 |
| Street Name | BROAD |
| Tax Annual Amount | 0.0 |
| Home Warranty Y/N | No |
| Structure Type | Detached |
| Single Room Units Count | 7 |
| One Bedroom Units Count | 7 |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 55 |
| Lease Type | Gross |
| Standard Status | Active Under Contract |
| Year Built Source | Estimated |
| Tax Lot | 00016 |
| Total Actual Rent | 84180.00 |
| Cap Rate | 9.60 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Other |
|---|---|
| Hot Water | Other |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
| LivingAreaSource | Estimated |
Exterior Features
| Water Source | Other |
|---|---|
| Type of Parking | Other |
| Foundation Details | Other |
| Water View Y/N | No |
| Lot Dimensions | 52.00 x 137.00 |
| Lot Size Acres | 0.16 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 0.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Estimated |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 08060
Price
Visits
Year Built
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