Garden-Style Apartment
11 E DAISY LANE #B Mount Laurel, NJ 08054
For Sale
$224,900
Garden-style 2-bedroom, 1-bath unit with vinyl siding and laminate flooring, in a community with shared amenities.
Property Size946 SF
Price / SF$237.74
Days on Market9
Property Features for 11 E DAISY LANE #B
General Information
Standard status
Active
Size
946 SF
Property subtype
Apartment
Building Details
Year Built
1975
Listing Agency:
Keller Williams Realty
(609) 280-4316
Listed By:
Stephen C Jones · License #0451202
(609) 280-4316
Source:
Cummingsrealtors
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 29 at 5:52AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This garden-style 2-bedroom, 1-bath apartment is built in 1975 and features vinyl siding. Interior finishes include laminate flooring in the main living area with carpet in the bedrooms. The galley kitchen is equipped with an included built-in range, self-cleaning oven, dishwasher, and disposal. The primary bedroom includes a walk-in closet for storage, and the bathroom offers a jetted tub with a tub-shower combination. Additional in-unit features include ceiling fans and an attic for extra storage. The seller notes the floors are in need of repair and provides price consideration accordingly.
The property is located within the Birchfield community, which offers shared amenities including a community swimming pool, tennis/basketball courts, and three lakes for boating or fishing. Common areas include sidewalks and exterior lighting, along with tot lots and playgrounds. Association fees cover lawn maintenance, snow removal, and trash collection, and the community includes a clubhouse and health club.
The address is 11 E Daisy Lane #B, Mount Laurel, NJ 08054.
The property is located within the Birchfield community, which offers shared amenities including a community swimming pool, tennis/basketball courts, and three lakes for boating or fishing. Common areas include sidewalks and exterior lighting, along with tot lots and playgrounds. Association fees cover lawn maintenance, snow removal, and trash collection, and the community includes a clubhouse and health club.
The address is 11 E Daisy Lane #B, Mount Laurel, NJ 08054.
Key Highlights
- Garden‑style 2‑bedroom, 1‑bath apartment built in 1975 in the Birchfield community
- Vinyl siding exterior and full laminate flooring in the living areas; carpet in the bedrooms
- Galley kitchen with energy‑efficient appliances: built‑in range, self‑cleaning oven, dishwasher, and disposal
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 | $23.8k | $25.20 |
| − Vacancy | −$1.3k | −$1.39 |
| EGI | $22.5k | $23.81 |
| − OpEx | −$10.1k | −$10.72 |
| NOI | $12.4k | $13.10 |
946 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$177.0K
$154.9K – $206.5K
NOI $12,390 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.98M
$1.73M – $2.31M
NOI $138,498 @ 7.0% cap · market cap 61.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Garden-style 2-bedroom, 1-bath unit with vinyl siding and laminate flooring, in a community with shared amenities.
Where is this residential income property located?
The property is located at 11 E DAISY LANE #B Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Garden‑style 2‑bedroom, 1‑bath apartment built in 1975 in the Birchfield community; Vinyl siding exterior and full laminate flooring in the living areas; carpet in the bedrooms; Galley kitchen with energy‑efficient appliances: built‑in range, self‑cleaning oven, dishwasher, and disposal
