Two-Bedroom Senior Home with Private
For Sale
$223,000
Pending
1017 SCOTSWOOD COURT, Mount Laurel, NJ 08054
Two-bedroom, one-bath home with in-unit laundry and a private deck in a 55+ community, with HVAC replaced in 2025.
Property Size928 SF
Days on Market70
Property Features for 1017 SCOTSWOOD COURT
General Information
Standard status
Pending
Size
928 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,296
Amenities
heated swimming pools
tennis courts
pickleball courts
dog park
Building Details
Building Size
928 SF
Year Built
1986
Listing Agency:
BHHS Fox & Roach-Mt Laurel
Listed By:
Betty A Shepard · License #1224240
(609) 502-2821
Source:
Patmckennarealtors
Added: Jul 13
Changed: Sep 17
Last Checked: Sep 20 at 11:21AM
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-Mt Laurel
Investment Insights
Based on property information with market context.
Renaissance Club offers comfortable, low-maintenance 55+ living in a well-kept home featuring two bedrooms and one bath. The layout includes a convenient in-unit laundry room, and residents can relax outdoors on a private deck.
Recent improvements include HVAC replacement in 2025 and an association roof replacement in 2024. Within the community, residents enjoy heated swimming pools, tennis courts, and dedicated pickleball courts. Pet-friendly amenities include an on-site dog park for residents and their furry companions.
Renaissance Club is described as a community designed for active, resident-led living, with access to community activities alongside quiet time at home on the private deck.
Recent improvements include HVAC replacement in 2025 and an association roof replacement in 2024. Within the community, residents enjoy heated swimming pools, tennis courts, and dedicated pickleball courts. Pet-friendly amenities include an on-site dog park for residents and their furry companions.
Renaissance Club is described as a community designed for active, resident-led living, with access to community activities alongside quiet time at home on the private deck.
Key Highlights
- Two bedrooms and one bath with in‑unit laundry
- Private deck for outdoor relaxation
- HVAC replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,155
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$243,100
$243.1K
Cap Rate 7%
$173,643
$173.6K
Cap Rate 9%
$135,056
$135.1K
Market Conditions
NOI Build-Up for 928 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.4K $25.20/SF
− Vacancy
−$1.3K −$1.39/SF
EGI
$22.1K $23.81/SF
− OpEx
−$9.9K −$10.72/SF
NOI
$12.2K $13.10/SF
Area
Burlington County, NJ
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$243,100
Cap Rate 7%
$173,643
Cap Rate 9%
$135,056
Alternative Uses
Best Use
Apartment 5plus
$173.6K
$151.9K – $202.6K
NOI $12,155 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.94M
$1.70M – $2.26M
NOI $135,863 @ 7.0% cap · market cap 60.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08054, NJ
44,633
Population
19,966
Households
2.2
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
21.7 sq mi
ZIP Area
2,057
Density / Sq Mi
$114,629
Median Household Income
$67,986
Median Earnings
$1,966
Median Rent
$341,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Two-bedroom, one-bath home with in-unit laundry and a private deck in a 55+ community, with HVAC replaced in 2025.
Where is this senior housing / retirement home located?
The property is located at 1017 SCOTSWOOD COURT Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $223,000.
What are key features of this property?
This property features: Two bedrooms and one bath with in‑unit laundry; Private deck for outdoor relaxation; HVAC replaced in 2025
