403 Wood St, Burlington, NJ 08016 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.
