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454 HIGH ST
BURLINGTON, NJ 08016

$515,900 
  • -- Beds
  • -- Baths
  • 5,520 sqft
  • Residential Income | MultiBldgs
  • Active
454 HIGH ST, BURLINGTON - 31327433
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Property Description for 454 HIGH ST, BURLINGTON NJ 08016

8.6%Cap Rate!-Beautiful 1850's Greek revival building-Originally a residential mansion, now a commercial, mixed-use property. Over 5520 Square Feet Professionally restored from 2004-2008 while retaining all of the 19th century charm. On the first floor, there are 4 offices (one occupied by the owner with Private Entrance or Common Area Access -(Market Rate$800), and 2 rented Long Term by professional practitioners-Market Rent at $650 each total $1300), French Door entrance to the conference room, powder room and Office with Private Entrance or Common area access too-Market Rate $1000, Common area with waiting area, admin room, 2 powder rooms, and a coin operated laundry room. On the second floor, 3 one-bedroom suites, all renovated and updated, rented to long-term highly responsible tenants. (Market Rent-$850, $900, $845) Each unit includes eat-kitchen, living room and Bedroom. All the units have separate electric and the tenants also have access to the laundry area on first floor Over 11,000 square foot lot with private rear off street parking for 12 plus vehicles plus street parking. All New sidewalks surrounding the building, New roof (2008), Amperage 225 amp, 3 phase, 208/120. *** Expenses include -Taxes, Insurance, Maintenance, Licensing & inspections.***Some additional notable features include: Original decorative plaster molding on the ceiling of the largest office, with a 10.5' ceiling Areas of original yellow pine floor, variable width planks. Areas of original clapboard inside, which was the outside wall of the side porch, that was later enclosed, Exposed brick walls, one of which was an outside wall, another shows old beams and gas lines, exposing the history of the building, Surrounding the windows outside are original Greek key lintels and cast iron drip caps, Across the street is a sister building, with the same features, some more intact (original windows, which were floor-to-ceiling.) Architectural drawings are available, showing features and square footage. Large undeveloped space on the third floor. This could be used to make existing 2 apartments into loft spaces with additional room for tenants; these would become high-end apartments. The basement has a dirt floor and is a very ample storage space which could be improved with the addition of cement flooring.One portion has been dug out for this purpose. Burlington is a commuter's dream near NY, Philly, Princeton, Delaware River and Jersey Beaches. More Pictures coming soon

  • Property Class: Multi-Family
  • Listing Status: Active
  • City: BURLINGTON
  • State: NJ
  • Zip: 08016
  • Area: Burlington City
  • Class: Residential Income
  • Property Subtype: MultiBldgs
  • Approx Lot Size: 0.260
  • Baths (F/H): -- / --
  • Living Area (SqFt): 5,520 sqft
  • Lot Sq Ft Apx: 11250.00
  • Year Built: 1880
  • Listing#: 6989119
  • School District: Burlington City
  • Tax Year: 2016
  • List Date: 5/23/2017
  • Last updated on: 10/20/2017

Property Features for 454 HIGH ST, BURLINGTON NJ 08016

  • Basement Type: Partial, Unfinished
  • Exterior: Stucco
  • Property Age: 137
  • Garage Spaces: Nogarage
  • Laundry Type: Common Laundry
  • Sewer Septic: Public Sewer
  • Cooling: Central A/C, Wall Unit
  • Entrance: Foyer, Privateentr
  • Handicap: None
  • Hot Water: Natural Gas
  • Water: Public
  • Design: Aptbldg
  • Exterior Features: Sidewalks, Streetlights, Fencing
  • Heating: Gas, Radiant
  • Parking: 8+Carparking, Street, Drvwy/Off STR, Parkinglot, Private

Additional Information for 454 HIGH ST, BURLINGTON NJ 08016

  • School District: Burlington City
  • Elementary School: Captain James Lawrence E.S.
  • Middle School: Wilbur Watts Intermediate School
  • High School: Burlington City H.S.
  • Annual Gross Income: 68340.00
  • Annual Gross Expense: 23921.00
  • Annual Insurance Expense: 6000.00
  • Basement: True
  • Block Or Square: 00032
  • Building Floors: 2.00
  • Central Air: True
  • Exclusion Remarks: All Personel Property And Tenant Property
  • Improv Assessed Amt: $260,000
  • Lot Dimensions: 45X250
  • Lot Number: 00047
  • New Construction: False
  • Ownership: Fee Simple
  • Total Assessment: 341000.00
  • Water Front: False
  • Beds Unit1: 1
  • Baths Full Unit1: 1
  • Room Unit1: 2
  • Unit1 Monthly Rent: 900.00
  • Beds Unit2: 1
  • Baths Full Unit2: 1
  • Room Unit2: 2
  • Unit2 Monthly Rent: 850.00
  • Beds Unit3: 1
  • Baths Full Unit3: 1
  • Room Unit3: 2
  • Unit3 Monthly Rent: 845.00
  • Total Taxes: $11,921
  • Listing Area: Burlington City
  • Subdivision: Historic District
  • Baths Full Unit7: 1
  • One Bedroom Units: 3
  • Listing ID: 6989119
Courtesy of RE/MAX World Class Realty
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