Listed By:
Keyvest, LLC
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 Size0.16 Acres
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
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 2024-06-09T15:39:33
City MOUNT HOLLY
Buyer Agent Compensation 2.5
NumberOfUnitsTotal 1
MLS Area Mount Holly Twp (20323)
Lot Size Units Square Feet
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
Central Air Y/N No
LivingAreaSource Estimated

Exterior Features

Pool No Pool
Water Source Other
Type of Parking Other
Foundation Details Other
Water View Y/N No
Lot Dimensions 52.00 x 137.00
Street Suffix STREET
Lot Size Acres 0.16
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
AVG $340K
$650K
Visits
AVG 342
345
Data Provided by Inside Real Estate®
Year Built
AVG 1974
1912

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