Tenant-Occupied Condo with
For Sale
$197,000
114 VAN BUREN ROAD Unit 6, Voorhees, NJ 08043
The second-floor unit includes a private deck, a separate den, and an existing lease through March 31, 2027.
Property Size826 SF
Days on Market11
Property Features for 114 VAN BUREN ROAD Unit 6
General Information
Standard status
Active
Size
826 SF
Property subtype
Unit/Flat/Apartment
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Furnished
No
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,778
Building Details
Building Size
826 SF
Year Built
1972
Tenancy
Single
Listing Agency:
Realty Mark Central, LLC
Listed By:
Robert Wenke · License #0898266
(908) 705-0398
Source:
Patmckennarealtors
Added: Oct 5
Changed: Oct 11
Last Checked: Oct 13 at 12:12AM
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 Realty Mark Central, LLC
Investment Insights
Based on property information with market context.
Located in the Tomlinson Green community, this second-floor condominium has one bedroom, one bathroom, a den with a door, and a private deck. The interior includes living and dining areas, laminate flooring, and a kitchen equipped with a gas range and oven, refrigerator, and dishwasher. The property is tenant-occupied under a lease running through March 31, 2027.
The furnace, central AC, and most windows were replaced within the last three years; the sliding glass door was not. Nearby destinations and services include Voorhees Town Center, shopping, restaurants, parks, the PATCO High-Speed Line, Route 295, and Route 73.
The furnace, central AC, and most windows were replaced within the last three years; the sliding glass door was not. Nearby destinations and services include Voorhees Town Center, shopping, restaurants, parks, the PATCO High-Speed Line, Route 295, and Route 73.
Key Highlights
- Tenant‑occupied condominium with lease through March 31, 2027
- One bedroom, one bathroom, and a separate den
- Private deck and second‑floor placement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,388
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$167,760
$167.8K
Cap Rate 7%
$119,829
$119.8K
Cap Rate 9%
$93,200
$93.2K
Market Conditions
NOI Build-Up for 826 SF
Gross rent
$16.2K $19.56/SF
− Vacancy
−$905 −$1.10/SF
EGI
$15.3K $18.46/SF
− OpEx
−$6.9K −$8.31/SF
NOI
$8.4K $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%
$167,760
Cap Rate 7%
$119,829
Cap Rate 9%
$93,200
Alternative Uses
Best Use
Apartment 5plus
$119.8K
$104.9K – $139.8K
NOI $8,388 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$209.4K
$183.3K – $244.4K
NOI $14,661 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Explore this area
Business Placement
Demographics for 08043, NJ
31,069
Population
12,688
Households
2.4
Avg Household Size
43
Median Age
60%
College-Educated
96%
High-School Grad
11.5 sq mi
ZIP Area
2,702
Density / Sq Mi
$112,606
Median Household Income
$65,078
Median Earnings
$1,718
Median Rent
$390,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor unit includes a private deck, a separate den, and an existing lease through March 31, 2027.
Where is this residential income property located?
The property is located at 114 VAN BUREN ROAD Unit 6 Voorhees, NJ.
What is the asking price?
The asking price for this property is $197,000.
What are key features of this property?
This property features: Tenant‑occupied condominium with lease through March 31, 2027; One bedroom, one bathroom, and a separate den; Private deck and second‑floor placement
