Two-Bedroom Residential Income
113 SIENA DRIVE, Cinnaminson, NJ 08077
For Sale
$285,000
A private patio and secured-building access complement the two-bedroom layout.
Property Size1,483 SF
Price / SF$192.18
Days on Market115
Property Features for 113 SIENA DRIVE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
secured building
private patio
pet friendly
Building Details
Building Size
Year Built
Listing Agency:
HomeSmart First Advantage Realty
Listed By:
Kim Curry Taliaferro · License NJ #9911972
(626) 437-7717
Source:
Desantis-realestate
Added: Jul 23
Changed: Nov 11
Last Checked: Nov 13 at 1:24PM
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 HomeSmart First Advantage Realty
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Investment Insights
Based on property information with market context.
This 1,483-square-foot residence in Siena Adult Community has two bedrooms and two full bathrooms. The living and dining areas form the central space, with the bedrooms positioned on opposite sides of the living room. Closet storage and a private patio are also part of the home. The building is secured, and pets are permitted.
Shopping, restaurants, and transportation are nearby. Built in 2009, the residence is identified as a Verano model.
Shopping, restaurants, and transportation are nearby. Built in 2009, the residence is identified as a Verano model.
Key Highlights
- 1,483‑square‑foot Verano model built in 2009
- Two bedrooms and two full bathrooms
- Secured building in Siena Adult Community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,424
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,480
$388.5K
Cap Rate 7%
$277,486
$277.5K
Cap Rate 9%
$215,822
$215.8K
Market Conditions
NOI Build-Up for 1,483 SF
Gross rent
$37.4K $25.20/SF
− Vacancy
−$2.1K −$1.39/SF
EGI
$35.3K $23.81/SF
− OpEx
−$15.9K −$10.72/SF
NOI
$19.4K $13.10/SF
Area
Burlington County, NJ
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,480
Cap Rate 7%
$277,486
Cap Rate 9%
$215,822
Alternative Uses
Best Use
Apartment 5plus
$277.5K
$242.8K – $323.7K
NOI $19,424 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$316.8K
$277.2K – $369.6K
NOI $22,177 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
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Business Placement
Demographics for 08077, NJ
19,851
Population
7,497
Households
2.6
Avg Household Size
43
Median Age
45%
College-Educated
96%
High-School Grad
8.1 sq mi
ZIP Area
2,451
Density / Sq Mi
$126,066
Median Household Income
$65,059
Median Earnings
$2,046
Median Rent
$359,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Burlington County, NJ
Properties on Market for Residential income properties in Burlington County
Frequently Asked Questions
What type of property is this?
Residential income property - A private patio and secured-building access complement the two-bedroom layout.
Where is this residential income property located?
The property is located at 113 SIENA DRIVE Cinnaminson, NJ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,483‑square‑foot Verano model built in 2009; Two bedrooms and two full bathrooms; Secured building in Siena Adult Community
