Residential Income Property with
1103 CHESTERWOOD COURT, Marlton, NJ 08053
For Sale
$300,000
A two-bedroom, two-bath garden apartment includes an attached garage and in-unit laundry hookups.
Property Size1,188 SF
Price / SF$252.53
Days on Market8
Property Features for 1103 CHESTERWOOD COURT
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
dishwasher
disposal
laundry hookups
snow removal
trash collection
common grounds
Building Details
Building Size
Year Built
Listing Agency:
EXP Realty, LLC
Listed By:
Matthew P. Griffin · License #2566567
(856) 934-4230
Source:
Patmckennarealtors
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 8 at 3:14PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1986, this garden apartment offers 1,188 square feet with two bedrooms and two bathrooms. The kitchen includes a dishwasher and disposal, while laundry hookups and an attached garage add practical features to the residence.
Community amenities include maintained shared grounds, snow removal, and trash collection. The property is located in the Country Squires community in Marlton, New Jersey.
Community amenities include maintained shared grounds, snow removal, and trash collection. The property is located in the Country Squires community in Marlton, New Jersey.
Key Highlights
- Two bedrooms and two bathrooms across 1,188 square feet
- Garden apartment built in 1986
- Attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,065
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,300
$241.3K
Cap Rate 7%
$172,357
$172.4K
Cap Rate 9%
$134,056
$134.1K
Market Conditions
NOI Build-Up for 1,188 SF
Gross rent
$23.2K $19.56/SF
− Vacancy
−$1.3K −$1.10/SF
EGI
$21.9K $18.46/SF
− OpEx
−$9.9K −$8.31/SF
NOI
$12.1K $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%
$241,300
Cap Rate 7%
$172,357
Cap Rate 9%
$134,056
Alternative Uses
Best Use
Apartment 5plus
$172.4K
$150.8K – $201.1K
NOI $12,065 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$301.2K
$263.6K – $351.4K
NOI $21,086 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
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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
$368,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Camden County, NJ
Properties on Market for Residential income properties in Camden County
Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom, two-bath garden apartment includes an attached garage and in-unit laundry hookups.
Where is this residential income property located?
The property is located at 1103 CHESTERWOOD COURT Marlton, NJ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms across 1,188 square feet; Garden apartment built in 1986; Attached garage
