Burlington, NJ 08016,403 WOOD ST
Burlington, NJ 08016,403 WOOD ST
Burlington, NJ 08016,403 WOOD ST
Burlington, NJ 08016,403 WOOD ST
Burlington, NJ 08016,403 WOOD ST
Burlington, NJ 08016,403 WOOD ST
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Listed by Steven P McCullough I • RealtyMark Properties
$ 260,000
Est. payment | /mo

4 Beds

2 Baths

2,012 SqFt


Save
$ 260,000
Est. payment | /mo
Save

4 Beds

2 Baths

2,012 SqFt

Key Details

Property Type Single Family Home, Townhouse

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,012 sqft

Price per Sqft $129

Subdivision None Available

MLS Listing ID NJBL2095292

Style Traditional,Colonial

Bedrooms 4

Full Baths 1

Half Baths 1

HOA Y/N N

Abv Grd Liv Area 1,816

Year Built 1890

Annual Tax Amount $4,879

Tax Year 2024

Lot Size 2,012 Sqft

Acres 0.05

Lot Dimensions 19.00 x 106.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

Tenant-occupied investment property located at 403 Wood St in Burlington, NJ, being sold strictly in as-is condition. Current lease generates $2,400 per month ($28,800 annually) through December 30, 2025, providing immediate cash flow for the next owner. Annual property taxes are approximately $5,147, producing a net operating income of about $23,653. At the asking price of $260,000, this equates to an estimated cap rate between 8.7%–9%, a healthy return for the Burlington market. The tenant has already completed updates including kitchen appliance replacements, toilet upgrades, interior repainting, and backyard landscaping, with additional upside available through further renovations. Conveniently located near the Delaware River waterfront with easy access to Route 130, I-295, and the NJ Transit River Line, this property offers both stability and strong growth potential for investors.

Location

State NJ

County Burlington

Area Burlington City (20305)

Zoning TRN

Rooms

Other Rooms Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 5, Kitchen, Basement, Sun/Florida Room, Bathroom 1

Basement Full, Unfinished

Interior

Interior Features Kitchen - Eat-In, Carpet, Ceiling Fan(s), Formal/Separate Dining Room, Bathroom - Tub Shower, Crown Moldings, Wood Floors

Hot Water Natural Gas

Heating Hot Water, Radiator

Cooling Wall Unit

Flooring Hardwood

Fireplace N

Heat Source Oil

Laundry Basement

Exterior

Exterior Feature Patio(s), Porch(es), Enclosed

Utilities Available Cable TV, Natural Gas Available

Water Access N

Roof Type Shingle

Accessibility None

Porch Patio(s), Porch(es), Enclosed

Garage N

Building

Lot Description Rear Yard

Story 3

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Traditional, Colonial

Level or Stories 3

Additional Building Above Grade, Below Grade

Structure Type Plaster Walls

New Construction N

Schools

School District Burlington City Schools

Others

Pets Allowed Y

Senior Community No

Tax ID 05-00031-00005

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

Pets Allowed No Pet Restrictions

Bright MLS (BMLS)
agent
MaryAnne Verfaillie

Broker-Associate, NJ & PA | License ID: NJ 9591467 - PA AB069513

+1(609) 816-1199 | team.citytotheshore@gmail.com

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403 WOOD ST