403 WOOD ST Burlington, NJ 08016
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Key Details
Property Type Single Family Home, Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,816 sqft
Price per Sqft $129
Subdivision Burlington Gardens
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
4 Beds | 1 Bath | Offered at $235,000
403 Wood St presents a compelling value-add opportunity in the Burlington market with documented rental performance and clear upside. The property was previously rented for $2,400 per month, producing a 9.7% cap rate as-is, based on current operating expenses including approximately $4,880 in annual taxes and $1,000–$1,200 in estimated insurance.
The home offers potential for increased income and equity through targeted improvements. Estimated updates of $40,000–$60,000—including the roof, gutters, front porch, and bathrooms—support projected market rents of $2,500–$2,600 per month post-renovation.
Seller is open to closing cost assistance or kitchen improvement considerations with a strong offer, providing flexibility for buyers pursuing a renovation strategy.
Comparable attached properties in the immediate area support pricing and upside, with recent sales including 134 Juniper St ($335,000), 422 Locust Ave ($309,500), 239 W Broad St ($305,000), 419 Locust Ave ($300,000), and 213 Conover St ($265,000).
Conveniently located near the Delaware River waterfront with easy access to Route 130, I-295, and the NJ Transit River Line. Suitable for investors seeking reliable cash flow with upside or buyers looking to add value over time.
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
Above Ground Finished SqFt 1816
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 1816
Acceptable Financing Conventional, Cash, FHA, Negotiable
Listing Terms Conventional, Cash, FHA, Negotiable
Financing Conventional,Cash,FHA,Negotiable
Special Listing Condition Standard
Pets Allowed No Pet Restrictions
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