Building Details

Building Size 748 SF

Year Built 1970

Listing Agency: RE/MAX ONE Realty-Moorestown

Listed By: Rebecca Holland · License #9035134 Show Phone

Source: Brucerealty

Added: May 18 Changed: Oct 6 Last Checked: Oct 5 at 9:57PM

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Investment Insights

Based on property information with market context.

This lower-level end-unit condominium, built in 1970, offers two bedrooms and two walk-in closets. The kitchen has stainless steel appliances, granite countertops, a dishwasher, disposal, and a deep stainless-steel sink. A separate dining area adds definition to the interior layout, while laminate vinyl plank flooring and fresh paint extend throughout the unit. Full-size laundry equipment is located inside the residence.

Heat and water are included through the HOA. The association does not permit dogs, a restriction that should be considered when evaluating the property. The residence is located at 101 Dartmouth Avenue in Somerdale, New Jersey.

Key Highlights

• Lower‑level end‑unit condominium with 2 bedrooms
• Updated kitchen with stainless steel appliances and granite countertops
• 2 walk‑in closets provide additional storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$7,596

Cap Rate

5.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$151,920 $151.9K

Cap Rate 7%

$108,514 $108.5K

Cap Rate 9%

$84,400 $84.4K

Market Conditions

NOI Build-Up for 748 SF

Gross rent

$14.6K $19.56/SF

− Vacancy

−$819 −$1.10/SF

EGI

$13.8K $18.46/SF

− OpEx

−$6.2K −$8.31/SF

NOI

$7.6K $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%

$151,920

Cap Rate 7%

$108,514

Cap Rate 9%

$84,400

Alternative Uses

Best Use

Apartment 5plus

$108.5K

$95.0K – $126.6K (±1% cap)

NOI $7,596 @ 7.0% cap · market cap 5.84%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$189.7K

$166.0K – $221.3K (±1% cap)

NOI $13,276 @ 7.0% cap · market cap 10.21%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Skin Care Clinic Cafe & Coffee Shop Parking Lot & Garage

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

616

Businesses Nearby

Explore this area Business Placement

Demographics for 08083, NJ

9,888

Population

3,973

Households

2.5

Avg Household Size

41

Median Age

28%

College-Educated

94%

High-School Grad

2.5 sq mi

ZIP Area

3,955

Density / Sq Mi

$87,703

Median Household Income

$47,138

Median Earnings

$1,236

Median Rent

$254,400

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential income property - Lower-level condominium with two bedrooms, in-unit laundry, and refreshed finishes throughout.

Where is this residential income property located?

The property is located at 101 DARTMOUTH AVENUE Somerdale, NJ.

What is the asking price?

The asking price for this property is $130,000.

What are key features of this property?

This property features: Lower‑level end‑unit condominium with 2 bedrooms; Updated kitchen with stainless steel appliances and granite countertops; 2 walk‑in closets provide additional storage