Tenant-Occupied Income
For Sale
$165,000
114F CHERRY PARKE, Cherry Hill, NJ 08002
Updated single-level residence with included pool access and private basement storage.
Property Size944 SF
Days on Market15
Property Features for 114F CHERRY PARKE
General Information
Standard status
Active
Size
944 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,448
Amenities
pool
storage unit
Building Details
Building Size
944 SF
Year Built
1953
Tenancy
Single
Listing Agency:
EXP Realty, LLC
(856) 379-5479
Listed By:
Elizabeth Fahy
(856) 379-5479
Source:
Patmckennarealtors
Added: Jul 21
Changed: Aug 4
Last Checked: Aug 4 at 6:18AM
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
Investment Insights
Based on property information with market context.
This residential income property is a single-floor unit with 2 bedrooms and 1 bathroom. The interior has been updated, including the kitchen appliances, and the unit includes a private storage area in the basement. The property is currently occupied by a tenant through September 2027.
Residents have access to a courtyard pool, which is included with the property. The setting is near the Speed line serving Philadelphia and within minutes of Haddonfield, restaurants, shopping centers, playgrounds, Wallworth Pond, and Challenge Grove Park. A nearby creek provides opportunities for kayaking and fishing.
Residents have access to a courtyard pool, which is included with the property. The setting is near the Speed line serving Philadelphia and within minutes of Haddonfield, restaurants, shopping centers, playgrounds, Wallworth Pond, and Challenge Grove Park. A nearby creek provides opportunities for kayaking and fishing.
Key Highlights
- Tenant occupied through September 2027
- Updated 2‑bedroom, 1‑bathroom single‑floor unit
- Recently updated kitchen appliances
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.3k | $30.00 |
| − Vacancy | −$1.9k | −$2.04 |
| EGI | $26.4k | $27.96 |
| − OpEx | −$11.9k | −$12.58 |
| NOI | $14.5k | $15.38 |
944 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$207.4K
$181.5K – $242.0K
NOI $14,517 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$246.5K
$215.7K – $287.6K
NOI $17,255 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
724
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
Market
Properties on Market for Residential income properties in Camden County
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Updated single-level residence with included pool access and private basement storage.
Where is this residential income property located?
The property is located at 114F CHERRY PARKE Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Tenant occupied through September 2027; Updated 2‑bedroom, 1‑bathroom single‑floor unit; Recently updated kitchen appliances
