Two-Bedroom Senior Home with Private
For Sale
$223,000
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.
Days on Market18
Property Features for 1017 SCOTSWOOD COURT
General Information
Standard status
Active
Property subtype
Unit/Flat/Apartment
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
(609) 502-2821
Listed By:
Betty A Shepard · License #1224240
(609) 502-2821
Source:
Patmckennarealtors
Added: Jul 13
Changed: Jul 30
Last Checked: Jul 30 at 11:22AM
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.4k | $25.20 |
| − Vacancy | −$1.3k | −$1.39 |
| EGI | $22.1k | $23.81 |
| − OpEx | −$9.9k | −$10.72 |
| NOI | $12.2k | $13.10 |
928 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
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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Similar Off Market Nearby
- Amada Senior Care — 3223 NJ-38 #202, Mt Laurel Township, NJ 08054
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
