509 LUMBERTON RD Coming Soon Save Request In-Person Tour Request Virtual Tour
Hainesport,NJ 08036
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,996 sqft
Price per Sqft $149
MLS Listing ID NJBL2089394
Style Colonial
Year Built 1910
Available Date 2025-06-25
Annual Tax Amount $6,849
Tax Year 2024
Property Sub-Type Detached
Property Description
Opportunity is knocking ..... Passive Income Special !!! This 4-unit dwelling is situated on a 1.14-acre lot in the tax-friendly municipality of Hainesport. This 4-plex consists of (1)3-bedroom unit, (1)2-bedroom unit, and (2) 1-bedroom units (one of which is a studio). Additionally, the property features a 3-bay detached garage, which can be leased separately, providing an additional steady stream of income. With some updating and remodeling, this 4-unit multi-family property lends itself to a very positive ROI.
All units are presently occupied with the present leases in different stages of their lease term ( which are below the comparable market rate). NO SEPTIC SYSTEM- PUBLIC WATER and SEWER! The tenant is responsible for their utilities ( gas /electric) and insurance. The owner is responsible for water/sewer and maintenance of the grounds. Additionally, there is ample parking and a full basement. Home backs up to treed property line offering a spacious rear yard, a play area, picnic tables, etc. Property located Rt off of Route 38 and most convenient to shopping, eateries, and just minutes to Route 295. Opportunities like this don't present themselves often. DO THE MATH !!
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Location
State NJ
County Burlington
Area Hainesport Twp (20316)
Zoning MULTIPLE UNIT DWELLING
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Exterior
Water Access N
Roof Type Shingle
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Rancocas Valley Reg. H.S.
School District Rancocas Valley Regional Schools
Others
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash
Special Listing Condition Standard