Updated Residential Income
For Sale
$215,000
116 VAN BUREN ROAD, Voorhees, NJ 08043
Middle-floor two-bedroom home with refreshed kitchen and bath, parking, gas heat, and central air.
Property Size1,056 SF
Days on Market80
Property Features for 116 VAN BUREN ROAD
General Information
Standard status
Active
Size
1,056 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,306
Building Details
Building Size
1,056 SF
Year Built
1972
Listing Agency:
Keller Williams Premier
Listed By:
Rose Y Dunn · License #446559
(609) 937-7923
Source:
Patmckennarealtors
Added: Aug 1
Changed: Oct 9
Last Checked: Oct 19 at 2:30PM
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 Keller Williams Premier
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Investment Insights
Based on property information with market context.
This middle-floor residential unit includes two bedrooms and one bathroom within a 1972-built property. Interior improvements include an updated kitchen, an updated bath, newer flooring, and newer carpet. Gas heat and central air support year-round climate control, while the layout provides a straightforward residential configuration.
The property is located at 116 Van Buren Road in Voorhees, New Jersey, with shopping and major transportation nearby. Parking is available at the property.
The property is located at 116 Van Buren Road in Voorhees, New Jersey, with shopping and major transportation nearby. Parking is available at the property.
Key Highlights
- Two‑bedroom, one‑bath middle‑floor unit
- Updated kitchen and bath
- Newer flooring and newer carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,724
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,480
$214.5K
Cap Rate 7%
$153,200
$153.2K
Cap Rate 9%
$119,156
$119.2K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$20.7K $19.56/SF
− Vacancy
−$1.2K −$1.10/SF
EGI
$19.5K $18.46/SF
− OpEx
−$8.8K −$8.31/SF
NOI
$10.7K $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%
$214,480
Cap Rate 7%
$153,200
Cap Rate 9%
$119,156
Alternative Uses
Best Use
Apartment 5plus
$153.2K
$134.1K – $178.7K
NOI $10,724 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.8K
$234.3K – $312.4K
NOI $18,743 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Middle-floor two-bedroom home with refreshed kitchen and bath, parking, gas heat, and central air.
Where is this residential income property located?
The property is located at 116 VAN BUREN ROAD Voorhees, 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: Two‑bedroom, one‑bath middle‑floor unit; Updated kitchen and bath; Newer flooring and newer carpet
