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Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,132 sqft
Price per Sqft $147
MLS Listing ID NJBL2097558
Style Colonial,Converted Dwelling
Abv Grd Liv Area 2,132
Year Built 1885
Annual Tax Amount $6,143
Tax Year 2024
Lot Size 4,112 Sqft
Acres 0.09
Lot Dimensions 28.00 x 147.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
The Downstairs Unit includes 1-bedroom, currently leased with a long-term tenant. The Upstairs unit offers 3-bedrooms with additional large bonus rooms. It has also been leased to a long-term tenant. Each unit has separate gas-fueled hot water radiator heating and electric meters, offering tenants independent control over their utilities.
Water and sewerage were historically covered by the landlord, presenting an opportunity for potential changes in utility management. Both leases are eligible for renewal, allowing for flexibility in future rental arrangements. 40 Union is ideally situated just down the street from Virtua Memorial Hospital and a short commute to Joint Base McGuire-Dix-Lakehurst (JBMDL), making it an attractive option for tenants and ensuring strong rental security. Only a short walk to the Mt. Holly business district, which boasts a vibrant array of dining , entertainment and shopping options, and various houses of worship. Mt. Holly offers a well-maintained park system, and is home to the renowned Rancocas Valley Regional High School. All schools are just a short walk from the property.
Close proximity to major transportation routes, provides easy access to Philadelphia, NYC, and the Jersey Shore. This property presents an outstanding opportunity for investors looking to secure a reliable income stream in an active real estate market. Additionally, the option to live in one unit while renting the other could help supplement mortgage costs. Properties like this seldom appear on the market, making this an excellent investment choice. Don't miss out on the chance to add this duplex to your portfolio!
Feel free to reach out for more information or to schedule a viewing!
Location
State NJ
County Burlington
Area Mount Holly Twp (20323)
Zoning R3
Rooms
Basement Full, Interior Access, Unfinished
Interior
Interior Features 2nd Kitchen
Hot Water Natural Gas
Heating Hot Water, Radiator
Cooling None
Flooring Hardwood
Inclusions refrigerator, range
Equipment Refrigerator, Stove, Dryer, Washer
Fireplace N
Appliance Refrigerator, Stove, Dryer, Washer
Heat Source Natural Gas
Exterior
Utilities Available Natural Gas Available, Electric Available
Water Access N
Roof Type Pitched,Shingle
Accessibility 2+ Access Exits, 32\"+ wide Doors, 36\"+ wide Halls
Garage N
Building
Foundation Brick/Mortar, Stone
Above Ground Finished SqFt 2132
Sewer Public Sewer
Water Public
Architectural Style Colonial, Converted Dwelling
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings,Dry Wall
New Construction N
Schools
Elementary Schools Gertrude Folwell E.S.
Middle Schools F.W. Holbein M.S.
High Schools Rancocas Valley Regional
School District Mount Holly Township Public Schools
Others
Tax ID 23-00053-00014
Ownership Fee Simple
SqFt Source 2132
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing FHA, Conventional, Cash, USDA, VA
Listing Terms FHA, Conventional, Cash, USDA, VA
Financing FHA,Conventional,Cash,USDA,VA
Special Listing Condition Standard
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