Park-Facing Residential Income
For Sale
$175,000
110 CHERRY PARKE, Cherry Hill, NJ 08002
Two-bedroom home with an open living, dining, and kitchen arrangement across from Cooper River Park.
Property Size944 SF
Days on Market63
Property Features for 110 CHERRY PARKE
General Information
Standard status
Active
Size
944 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,166
Amenities
swimming pool
Building Details
Building Size
944 SF
Year Built
1950
Listing Agency:
Weichert Realtors-Haddonfield
Listed By:
Elizabeth Anne Arking · License #2081017
(646) 708-1575
Source:
Patmckennarealtors
Added: Aug 6
Changed: Oct 3
Last Checked: Oct 6 at 12:39AM
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 Weichert Realtors-Haddonfield
Investment Insights
Based on property information with market context.
This two-bedroom residential income property was built in 1950 and offers park-facing views through three large living-area windows. The interior includes an open connection between the living room, dining area, and kitchen, along with a kitchen pass-through window, cabinets, stainless steel refrigerator, and oven. One full bathroom completes the home. Downstairs storage is not included, and the property is being sold as is.
The property is located across from Cooper River Park in Cherry Hill, with shopping, dining, entertainment, and major highways described as minutes away. Community services include a swimming pool, snow removal, exterior upkeep, heat, and water covered through the monthly fee. The buyer will be responsible for obtaining a CO and any other required township approvals.
The property is located across from Cooper River Park in Cherry Hill, with shopping, dining, entertainment, and major highways described as minutes away. Community services include a swimming pool, snow removal, exterior upkeep, heat, and water covered through the monthly fee. The buyer will be responsible for obtaining a CO and any other required township approvals.
Key Highlights
- Two‑bedroom home built in 1950
- Park‑facing views with three large living‑area windows
- Open living, dining, and kitchen arrangement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,587
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,740
$191.7K
Cap Rate 7%
$136,957
$137.0K
Cap Rate 9%
$106,522
$106.5K
Market Conditions
NOI Build-Up for 944 SF
Gross rent
$18.5K $19.56/SF
− Vacancy
−$1.0K −$1.10/SF
EGI
$17.4K $18.46/SF
− OpEx
−$7.8K −$8.31/SF
NOI
$9.6K $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%
$191,740
Cap Rate 7%
$136,957
Cap Rate 9%
$106,522
Alternative Uses
Best Use
Apartment 5plus
$137.0K
$119.8K – $159.8K
NOI $9,587 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$239.4K
$209.4K – $279.3K
NOI $16,755 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,300
Businesses Nearby
Explore this area
Business Placement
Demographics for 08002, NJ
23,920
Population
9,967
Households
2.4
Avg Household Size
41
Median Age
46%
College-Educated
92%
High-School Grad
7.2 sq mi
ZIP Area
3,322
Density / Sq Mi
$105,523
Median Household Income
$56,963
Median Earnings
$1,895
Median Rent
$301,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom home with an open living, dining, and kitchen arrangement across from Cooper River Park.
Where is this residential income property located?
The property is located at 110 CHERRY PARKE Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two‑bedroom home built in 1950; Park‑facing views with three large living‑area windows; Open living, dining, and kitchen arrangement
