Residential Income Property with
For Sale
$275,000
106 STEEPLECHASE COURT, Woodbury, NJ 08096
A two-bedroom residence combines a flexible retreat, fireplace, and shared pool and tennis amenities.
Property Size1,434 SF
Days on Market44
Property Features for 106 STEEPLECHASE COURT
General Information
Standard status
Active
Size
1,434 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,569
Amenities
swimming pool
tennis court
Building Details
Building Size
1,434 SF
Year Built
1989
Listing Agency:
BHHS Fox & Roach-Cherry Hill
Listed By:
Yvette A Reid · License #1866261
(856) 343-7871
Source:
Patmckennarealtors
Added: Aug 24
Changed: Oct 3
Last Checked: Oct 5 at 9:30PM
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-Cherry Hill
Investment Insights
Based on property information with market context.
Built in 1989, this residential income property includes two bedrooms, two full bathrooms, and a versatile loft with a fireplace. The loft adds a separate area that can support a home office, family room, reading space, or private retreat. The layout provides distinct living areas for everyday use and entertaining.
Community amenities include a swimming pool with grills and bathrooms, along with a tennis court. The property is also situated near shopping, dining, parks, and major roadways, placing a range of daily conveniences and recreation options within the surrounding area.
Community amenities include a swimming pool with grills and bathrooms, along with a tennis court. The property is also situated near shopping, dining, parks, and major roadways, placing a range of daily conveniences and recreation options within the surrounding area.
Key Highlights
- Two bedrooms and two full bathrooms
- Flexible loft with fireplace
- Community swimming pool with grills and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,761
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,220
$335.2K
Cap Rate 7%
$239,443
$239.4K
Cap Rate 9%
$186,233
$186.2K
Market Conditions
NOI Build-Up for 1,434 SF
Gross rent
$32.4K $22.56/SF
− Vacancy
−$1.9K −$1.31/SF
EGI
$30.5K $21.25/SF
− OpEx
−$13.7K −$9.56/SF
NOI
$16.8K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,220
Cap Rate 7%
$239,443
Cap Rate 9%
$186,233
Alternative Uses
Best Use
Apartment 5plus
$239.4K
$209.5K – $279.4K
NOI $16,761 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.0K
$421.8K – $562.4K
NOI $33,742 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 08096, NJ
36,355
Population
15,013
Households
2.4
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
13.9 sq mi
ZIP Area
2,615
Density / Sq Mi
$89,483
Median Household Income
$49,480
Median Earnings
$1,446
Median Rent
$248,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom residence combines a flexible retreat, fireplace, and shared pool and tennis amenities.
Where is this residential income property located?
The property is located at 106 STEEPLECHASE COURT Woodbury, NJ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Flexible loft with fireplace; Community swimming pool with grills and bathrooms
