Two-Bedroom Loft
For Sale
$270,000
106 HARWOOD COURT, Mount Laurel, NJ 08054
Second-floor end residence with a balcony, assigned parking, and a separate storage shed.
Property Size1,164 SF
Price / SF$231.96
Days on Market62
Property Features for 106 HARWOOD COURT
General Information
Standard status
Active
Size
1,164 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,624
Building Details
Building Size
1,164 SF
Year Built
1987
Listing Agency:
Weichert Realtors-Medford
Listed By:
Anna Cable · License #1008905
(609) 706-2793
Source:
Desantis-realestate
Added: Aug 27
Changed: Oct 27
Last Checked: Oct 27 at 3:19AM
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 Weichert Realtors-Medford
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,164-square-foot, two-bedroom, one-bath condominium occupies the second floor as an end unit. Interior features include a cathedral-ceiling living room with skylights, a loft with a wood-burning fireplace, and a private balcony facing a wooded setting. The kitchen has quartz countertops, stainless steel appliances, and gas cooking; laundry is located on the main floor. Recent interior work includes fresh paint, new carpet, vinyl plank flooring, updated light fixtures, recessed lighting, and ceiling fans. The primary bedroom has a walk-in closet and direct access to the hall bathroom.
The property is in The Lakes in Mount Laurel, New Jersey, near shopping, restaurants, entertainment, and major roadways. Both bedrooms have wooded views. Assigned parking and an oversized storage shed are included.
The property is in The Lakes in Mount Laurel, New Jersey, near shopping, restaurants, entertainment, and major roadways. Both bedrooms have wooded views. Assigned parking and an oversized storage shed are included.
Key Highlights
- 1,164‑square‑foot, two‑bedroom, one‑bath end‑unit condominium
- Second‑floor layout with cathedral‑ceiling living room, skylights, and loft
- Loft includes a wood‑burning fireplace; private balcony overlooks a wooded setting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,246
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,920
$304.9K
Cap Rate 7%
$217,800
$217.8K
Cap Rate 9%
$169,400
$169.4K
Market Conditions
NOI Build-Up for 1,164 SF
Gross rent
$29.3K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.7K $23.81/SF
− OpEx
−$12.5K −$10.72/SF
NOI
$15.2K $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 Rate 5%
$304,920
Cap Rate 7%
$217,800
Cap Rate 9%
$169,400
Alternative Uses
Best Use
Apartment 5plus
$217.8K
$190.6K – $254.1K
NOI $15,246 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.43M
$2.13M – $2.84M
NOI $170,414 @ 7.0% cap · market cap 63.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor end residence with a balcony, assigned parking, and a separate storage shed.
Where is this residential income property located?
The property is located at 106 HARWOOD COURT Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1,164‑square‑foot, two‑bedroom, one‑bath end‑unit condominium; Second‑floor layout with cathedral‑ceiling living room, skylights, and loft; Loft includes a wood‑burning fireplace; private balcony overlooks a wooded setting
