101 Broad Street Mount Holly, NJ $ 650,000
101 Broad Street
$ 650,000
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101 Broad Street

Mount Holly, NJ, 08060
$ 650,000
Bedrooms7 Baths0.0

Monthly Estimate*

$ 4,320

101 Broad Street, Mount Holly, NJ 08060 - Image 1
101 Broad Street, Mount Holly, NJ 08060 - Image 2

Multi-Family Home for sale in Mount Holly, NJ

for $650,000 with 7 bedrooms. This home was built in 1912 on a lot size of 0.16.

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.

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Multi-Family Contingent

Price

$ 650,000

Bedrooms

7

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.16

Year Built

1912

Town/City

Mount Holly

County/Region

Burlington

MLS | Web ID

NJBL2057604

Features
Interior
Heating Fuel Other
Hot Water Other
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
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General
Sewer No Septic System
Heating Other
Cooling Other
Possession Immediate
Zoning R2
Pool Y/N No Pool
Architectural Style Other
Construction Materials Other
Year Built 1912
Property SubType Other
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Other
Municipality MOUNT HOLLY TWP
Gross Income 84180.00
Accessibility Other
County BURLINGTON
Net Operating Income 57600.00
Operating Expense 26581.00
Insurance Expense 6500.00
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE UNDER CONTRACT
Directions High St to Broad St
City MOUNT HOLLY
Buyer Agent Compensation 2.5
Total Units 1
MLS Area Mount Holly Twp (20323)
Lot Size Square Feet 7122.00
Waterfront Y/N N
Number of Units Leased 7
Street Name BROAD
Tax Annual Amount 0.0
Home Warranty Y/N N
Two Bedroom 0
Structure Type Detached
Rent Control Y/N N
Vacation Rental Y/N N
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 N
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Exterior
Water Source Other
Type of Parking Other
Foundation Details Other
Water View Y/N N
Lot Dimensions 52.00 x 137.00
Lot Size Acres 0.16
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 0.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 101
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* Excluded Features
List By
Keyvest, Llc

Broker

tsantoronj@gmail.com

Email

Affordability Calculator

$4,320
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,320
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3533431 Elementary School
3533213 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/14/2023$650,000 Listed Price

Map


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101 Broad Street, Mount Holly, NJ, 08060 is a Multi-Family Home for sale at $650,000 with a lot size of 0.16. 101 Broad Street has 7 bedrooms, 0.0 baths, and was built in 1912. The property's zip code is 08060 which is in Mount Holly, NJ