Two-Bedroom Residential
New
For Sale
$270,000
108 REDBUD LANE, Mantua, NJ 08051
Open living and dining areas connect with an updated kitchen and two bedrooms.
Property Size1,260 SF
Days on Market4
Property Features for 108 REDBUD LANE
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,405
Building Details
Building Size
1,260 SF
Year Built
2007
Listing Agency:
Compass New Jersey, LLC - Moorestown
Listed By:
Leyla Temur · License #1752825
(609) 592-1003
Source:
Patmckennarealtors
Added: Oct 24
Changed: Oct 27
Last Checked: Oct 27 at 3:30AM
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 Compass New Jersey, LLC - Moorestown
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Investment Insights
Based on property information with market context.
Built in 2007, this condominium has two bedrooms arranged around an open living and dining area. One bedroom includes a private bathroom and two walk-in closets. Laminate flooring extends through the interior, and the kitchen is equipped with upgraded stainless steel appliances.
Recent updates include a newer water heater, a new washer and dryer, and fresh interior paint. The property is located at 108 Redbud Lane in Mantua, New Jersey.
Recent updates include a newer water heater, a new washer and dryer, and fresh interior paint. The property is located at 108 Redbud Lane in Mantua, New Jersey.
Key Highlights
- Two‑bedroom condominium with an open living and dining area
- One bedroom has a private bathroom and two walk‑in closets
- Kitchen includes upgraded stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,727
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,540
$294.5K
Cap Rate 7%
$210,386
$210.4K
Cap Rate 9%
$163,633
$163.6K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$28.4K $22.56/SF
− Vacancy
−$1.6K −$1.31/SF
EGI
$26.8K $21.25/SF
− OpEx
−$12.0K −$9.56/SF
NOI
$14.7K $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%
$294,540
Cap Rate 7%
$210,386
Cap Rate 9%
$163,633
Alternative Uses
Best Use
Apartment 5plus
$210.4K
$184.1K – $245.5K
NOI $14,727 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.5K
$370.6K – $494.1K
NOI $29,648 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
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Business Placement
Demographics for 08051, NJ
10,644
Population
4,602
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,801
Density / Sq Mi
$97,452
Median Household Income
$57,900
Median Earnings
$1,691
Median Rent
$249,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Open living and dining areas connect with an updated kitchen and two bedrooms.
Where is this residential income property located?
The property is located at 108 REDBUD LANE Mantua, 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: Two‑bedroom condominium with an open living and dining area; One bedroom has a private bathroom and two walk‑in closets; Kitchen includes upgraded stainless steel appliances
