Top-Floor Residential Income
For Sale
$242,500
11 SEQUOIA COURT, Marlton, NJ 08053
Two-bedroom condo with a private balcony, kitchen appliances, and main-floor laundry.
Property Size1,011 SF
Price / SF$239.86
Days on Market50
Property Features for 11 SEQUOIA COURT
General Information
Standard status
Active
Size
1,011 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,799
Amenities
private balcony
main floor laundry
recessed lighting
luxury plank vinyl flooring
washer & dryer
sidewalks
street lights
tennis courts
Building Details
Building Size
1,011 SF
Year Built
1988
Listing Agency:
Keller Williams - Main Street
Listed By:
Sara Jones · License #2567062
(609) 220-7935
Source:
Brucerealty
Added: Aug 28
Changed: Oct 15
Last Checked: Oct 16 at 2:32PM
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 - Main Street
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Investment Insights
Based on property information with market context.
This 1,011-square-foot top-floor garden condo offers a two-bedroom, one-bathroom layout with an open connection between the living and dining areas. The residence includes generous closet space, a tub-shower bathroom, recessed lighting, luxury plank vinyl flooring, and a private balcony overlooking trees and wooded surroundings. The kitchen is equipped with a dishwasher, refrigerator, electric oven, and microwave, while a washer and dryer provide convenient main-floor laundry. Built in 1988, the unit is located in the Shannon Greene section of the Kings Grant community in Marlton, New Jersey. Community amenities and infrastructure include sidewalks, street lighting, and tennis courts. Parking is available in a well-lit area.
Key Highlights
- 1,011‑square‑foot top‑floor garden condo
- Two bedrooms and one bathroom with generous closet space
- Private balcony with views of trees and woods
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,267
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,340
$205.3K
Cap Rate 7%
$146,671
$146.7K
Cap Rate 9%
$114,078
$114.1K
Market Conditions
NOI Build-Up for 1,011 SF
Gross rent
$19.8K $19.56/SF
− Vacancy
−$1.1K −$1.10/SF
EGI
$18.7K $18.46/SF
− OpEx
−$8.4K −$8.31/SF
NOI
$10.3K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,340
Cap Rate 7%
$146,671
Cap Rate 9%
$114,078
Alternative Uses
Best Use
Apartment 5plus
$146.7K
$128.3K – $171.1K
NOI $10,267 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.3K
$224.3K – $299.1K
NOI $17,944 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 08053, NJ
46,826
Population
20,090
Households
2.3
Avg Household Size
43
Median Age
53%
College-Educated
98%
High-School Grad
29.2 sq mi
ZIP Area
1,604
Density / Sq Mi
$116,745
Median Household Income
$67,439
Median Earnings
$1,939
Median Rent
$368,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo with a private balcony, kitchen appliances, and main-floor laundry.
Where is this residential income property located?
The property is located at 11 SEQUOIA COURT Marlton, NJ.
What is the asking price?
The asking price for this property is $242,500.
What are key features of this property?
This property features: 1,011‑square‑foot top‑floor garden condo; Two bedrooms and one bathroom with generous closet space; Private balcony with views of trees and woods
