Welcome to 1001 Lake Ave in Burlington Township, an excellent opportunity for Investors! This charming Craftsman style home offers two separate units, a fenced backyard, off-street parking, and private entrances for each unit.
Unit A, a spacious two-story dwelling, boasts 3 bedrooms and 1.5 bathrooms. This unit provides convenient access to the basement and a shared backyard. On the first floor, you'll find a laundry room and a half bath, adding to the unit's practicality. The living room and dining room feature original hardwood floors, exuding warmth and character. Upstairs, the bedrooms are carpeted, while the hallway is adorned with attractive vinyl plank flooring. The full bath is also located on this floor, accompanied by additional storage space for the tenant's use. The current lease for Unit A expires at the end of August, allowing for flexibility in the near future.
Unit B, situated on the first floor, offers a comfortable 1 bedroom layout with its own in-unit laundry facilities. The living room features stylish vinyl plank flooring, while the generously sized bedroom is carpeted, creating a cozy atmosphere. The lease for Unit B has recently been renewed in July and extends until the end of June 2024, providing a stable rental income.
Throughout the entire building, you'll find vinyl replacement windows, ensuring energy efficiency and a modern aesthetic. The current owner has meticulously maintained the property, and notable updates include a replaced sewer line, a roof in good condition, newer doors, and well-appointed kitchens in both units. Unit A benefits from central air conditioning, while Unit B has a wall unit for climate control.
To facilitate your investment decision, the agent can provide you with ProForma financial projections and copies of the leases.
Conveniently situated, this property enjoys easy access to major highways, shopping centers, entertainment venues, and Philadelphia. Don't miss out on this incredible investor opportunity at 1001 Lake Ave in Burlington Township. Schedule a viewing today and explore the potential of this well-maintained and income-generating property.
