Excellent investment opportunity in Mount Holly, NJ that produces a 9% CAP RATE! P&L attached in the documents section. 31 Bispham Street features two fully occupied rental units with long-term tenants and excellent rental income. The downstairs unit is a 2-bedroom 1 bath and rents out for $1, 650. The upstairs unit is 2-bedroom 1 bath that rents out for $1, 950. All units are well maintained with significant upgrades throughout. There is seperate washer and dryer onsite designated for each unit. All separate utilities in place for tenants with the landlord covering water/sewer, insurance & taxes. Water/Sewer - $1, 200, Insurance - $1, 855, Taxes $3, 841. Conveniently located within minutes of several major highways and the NJ Turnpike offering easy access to Philadelphia. This is an excellent investment opportunity with major upside.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Heating and Cooling
- Cooling Features: Central A/C
- Heating Features: Baseboard - Hot Water
- Heating: Yes
Land Info
- Lot Size Acres: 0.0458907
- Lot Size Square Feet: 1998
Garage and Parking
- Parking Features: Driveway, On Street
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
School Information
- School District: MOUNT HOLLY TOWNSHIP PUBLIC SCHOOLS
Other Property Info
- Municipality: MOUNT HOLLY TWP
- Annual Tax Amount: 4234.0
- Source Listing Status: Active
- County: BURLINGTON
- Disclaimer: Standard
- Ownership: Fee Simple
- Source Property Type: Residential
- Area: BURLINGTON
- Property Subtype: townhouse
- Source System Name: C2C
Building and Construction
- Year Built: 1930
- Above Grade Finished Area: 1760
- Construction Materials: Block
- Property Age: 95
- Levels or Stories: 2
- Structure Type: Twin/Semi-Detached
- House Style: Side-by-Side
- Total Area Sqft: 1760