Residential Income Property with
For Sale
$215,000
1106 BERWYCK COURT, Sicklerville, NJ 08081
Second-floor condominium features an updated kitchen, private deck, and wood-burning fireplace.
Property Size908 SF
Price / SF$236.78
Days on Market75
Property Features for 1106 BERWYCK COURT
General Information
Standard status
Active
Size
908 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
private back deck
wood burning fireplace
washer and dryer
skylights
cathedral ceilings
Building Details
Building Size
908 SF
Year Built
1983
Listing Agency:
Weichert Realtors-Mullica Hill
(856) 223-2600
Listed By:
Coleen M McCormick
(856) 223-2600
Source:
Patciervo.kw
Added: Jun 18
Changed: Aug 31
Last Checked: Aug 31 at 12:42PM
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-Mullica Hill
Investment Insights
Based on property information with market context.
This second-floor condominium offers 908 square feet with two bedrooms and two full bathrooms. The layout includes a loft bedroom with its own full bathroom, while the main-floor bedroom is paired with a full bathroom and laundry room. An updated kitchen with an island connects to the living area, which features cathedral ceilings, skylights, and a wood-burning fireplace. The property also includes a private back deck, washer and dryer, and fresh interior paint.
Built in 1983, the condominium combines a multi-level interior with practical in-unit laundry and outdoor space. The address is 1106 Berwyck Court in Sicklerville, New Jersey.
Built in 1983, the condominium combines a multi-level interior with practical in-unit laundry and outdoor space. The address is 1106 Berwyck Court in Sicklerville, New Jersey.
Key Highlights
- 908 Sq ft second‑floor condominium
- Two bedrooms and two full bathrooms
- Loft bedroom with full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,221
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$184,420
$184.4K
Cap Rate 7%
$131,729
$131.7K
Cap Rate 9%
$102,456
$102.5K
Market Conditions
NOI Build-Up for 908 SF
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.
Gross rent
$17.8K $19.56/SF
− Vacancy
−$995 −$1.10/SF
EGI
$16.8K $18.46/SF
− OpEx
−$7.5K −$8.31/SF
NOI
$9.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$184,420
Cap Rate 7%
$131,729
Cap Rate 9%
$102,456
Alternative Uses
Best Use
Apartment 5plus
$131.7K
$115.3K – $153.7K
NOI $9,221 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.2K
$201.5K – $268.6K
NOI $16,116 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 08081, NJ
50,601
Population
18,361
Households
2.8
Avg Household Size
39
Median Age
35%
College-Educated
94%
High-School Grad
25.2 sq mi
ZIP Area
2,008
Density / Sq Mi
$102,924
Median Household Income
$51,734
Median Earnings
$1,551
Median Rent
$262,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condominium features an updated kitchen, private deck, and wood-burning fireplace.
Where is this residential income property located?
The property is located at 1106 BERWYCK COURT Sicklerville, NJ.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 908 Sq ft second‑floor condominium; Two bedrooms and two full bathrooms; Loft bedroom with full bathroom
