Two-Bedroom Residential Income
For Sale
$239,999
10B SUMAC COURT, Mount Laurel, NJ 08054
The home includes central air and heat, along with ceiling fans.
Property Size1,171 SF
Price / SF$204.95
Days on Market19
Property Features for 10B SUMAC COURT
General Information
Standard status
Active
Size
1,171 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,945
Amenities
central air and heat
ceiling fans
Building Details
Building Size
1,171 SF
Year Built
1982
Listing Agency:
Realmart Realty, LLC
Listed By:
Farhan Malik · License #229434
(732) 800-6076
Source:
Desantis-realestate
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 27 at 3:34AM
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 Realmart Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,171-square-foot home has two bedrooms and one bathroom. Built in 1982, it is equipped with central air and heat as well as ceiling fans.
The property is in Mount Laurel Township, with Laurel Acres Park within walking distance. Restaurants and department stores are a short drive away, and Virtua Marlton Hospital is approximately 15 minutes by car.
The property is in Mount Laurel Township, with Laurel Acres Park within walking distance. Restaurants and department stores are a short drive away, and Virtua Marlton Hospital is approximately 15 minutes by car.
Key Highlights
- Two bedrooms and one bathroom
- 1,171 square feet of living space
- Central air and heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,337
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,740
$306.7K
Cap Rate 7%
$219,100
$219.1K
Cap Rate 9%
$170,411
$170.4K
Market Conditions
NOI Build-Up for 1,171 SF
Gross rent
$29.5K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.9K $23.81/SF
− OpEx
−$12.5K −$10.72/SF
NOI
$15.3K $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%
$306,740
Cap Rate 7%
$219,100
Cap Rate 9%
$170,411
Alternative Uses
Best Use
Apartment 5plus
$219.1K
$191.7K – $255.6K
NOI $15,337 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.45M
$2.14M – $2.86M
NOI $171,439 @ 7.0% cap · market cap 71.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The home includes central air and heat, along with ceiling fans.
Where is this residential income property located?
The property is located at 10B SUMAC COURT Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $239,999.
What are key features of this property?
This property features: Two bedrooms and one bathroom; 1,171 square feet of living space; Central air and heat
