Building Details

Building Size 986 SF

Year Built 1962

Listing Agency: BHHS Fox & Roach - Haddonfield

Listed By: Bill Souders · License #8638234 Show Phone

Source: Brucerealty

Added: Oct 13 Changed: Oct 16 Last Checked: Oct 16 at 2:22PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Fox & Roach - Haddonfield

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This first-floor, two-bedroom condominium was built in 1962. The kitchen has a glass backsplash, ceramic tile flooring, dishwasher, and disposal. Refinished hardwood floors run through the living and dining rooms and both bedrooms. The primary bedroom has two closets and an updated full bathroom with a custom walk-in shower, tile flooring, and custom vanity. An Andersen sliding door opens from the living room to a three-season Florida room. Other features include vinyl windows, fresh paint, six-panel doors with lever hardware, a new front door, and basement storage.

The unit overlooks the pool and wooded area.

Key Highlights

• First‑floor condominium with two bedrooms
• Living room opens to a three‑season Florida room through an Andersen slider
• Kitchen has a glass backsplash, ceramic tile floor, dishwasher, and disposal

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,013

Cap Rate

5.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$200,260 $200.3K

Cap Rate 7%

$143,043 $143.0K

Cap Rate 9%

$111,256 $111.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 986 SF

Gross rent

$19.3K $19.56/SF

− Vacancy

−$1.1K −$1.10/SF

EGI

$18.2K $18.46/SF

− OpEx

−$8.2K −$8.31/SF

NOI

$10.0K $10.16/SF

Area

Camden County, NJ

Vacancy

5.60%

Lease Rate

$19.56 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$200,260

Cap Rate 7%

$143,043

Cap Rate 9%

$111,256

Alternative Uses

Best Use

Apartment 5plus

$143.0K

$125.2K – $166.9K (±1% cap)

NOI $10,013 @ 7.0% cap · market cap 5.27%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$250.0K

$218.8K – $291.7K (±1% cap)

NOI $17,500 @ 7.0% cap · market cap 9.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

260

Businesses Nearby

Explore this area Business Placement

Demographics for 08084, NJ

6,981

Population

2,574

Households

2.7

Avg Household Size

41

Median Age

32%

College-Educated

92%

High-School Grad

1.6 sq mi

ZIP Area

4,363

Density / Sq Mi

$100,735

Median Household Income

$52,002

Median Earnings

$1,172

Median Rent

$238,200

Median Home Value

Similar For Sale Nearby

See more

Partially Renovated Duplex with Unit Mix

104 UNION AVE, Stratford, NJ 08084

$370,000

1,734 SF

View details

Three-Unit Residential Income Property

504 N White Horse Pike, Stratford, NJ 08084

$450,000

2,364 SF

View details

Medical Office Building with Exam Rooms

119 E Laurel Rd, Stratford, NJ 08084

$275,000

1,380 SF

View details

Retail Storefront Property

512 N WHITE HORSE PIKE, Stratford, NJ 08084

$999,999

4,312 SF

View details

Vacant Early-Education Facility

44 BERLIN RD, Stratford, NJ 08084

Contact for pricing

6,077 SF

View details

Frequently Asked Questions

What type of property is this?

Residential income property - First-floor condominium includes two bedrooms, an in-unit washer and dryer, and basement storage.

Where is this residential income property located?

The property is located at 1 BEVERLY LANE Unit A Stratford, NJ.

What is the asking price?

The asking price for this property is $189,900.

What are key features of this property?

This property features: First‑floor condominium with two bedrooms; Living room opens to a three‑season Florida room through an Andersen slider; Kitchen has a glass backsplash, ceramic tile floor, dishwasher, and disposal