Renovated Residential Income
For Sale
$189,900
Pending
121 KENWOOD DRIVE, Sicklerville, NJ 08081
Second-level condominium with refreshed interiors, private patio access, and association-maintained exterior services.
Property Size912 SF
Days on Market136
Property Features for 121 KENWOOD DRIVE
General Information
Standard status
Pending
Size
912 SF
Property subtype
Apartment
Units
Unit Mix
2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
private patio
Building Details
Building Size
912 SF
Year Built
1990
Listing Agency:
SRV Realty LLC
Listed By:
Kumara Sadaram
(973) 714-2763
Source:
Patciervo.kw
Added: Jun 7
Changed: Oct 6
Last Checked: Oct 19 at 3:43AM
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 SRV Realty LLC
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Investment Insights
Based on property information with market context.
This second-level condominium offers a two-bedroom, one-bath layout with a renovated interior and an open connection between the living and dining areas. Updates include luxury vinyl plank flooring, a remodeled bathroom with new fixtures, fresh paint, contemporary lighting, and updated hardware. Sliding doors open to a private patio, while the kitchen provides substantial cabinetry and a breakfast bar.
The Kenwood community is in Sicklerville, with access to Route 42, the Atlantic City Expressway, and the NJ Turnpike. Shopping and dining are located nearby. The HOA includes exterior building maintenance, lawn care, snow removal, and trash service. The property was built in 1990, and conventional financing or cash is accepted.
The Kenwood community is in Sicklerville, with access to Route 42, the Atlantic City Expressway, and the NJ Turnpike. Shopping and dining are located nearby. The HOA includes exterior building maintenance, lawn care, snow removal, and trash service. The property was built in 1990, and conventional financing or cash is accepted.
Key Highlights
- Two‑bedroom, one‑bath second‑level condominium
- Renovated bathroom with new fixtures and refreshed interior finishes
- Private patio accessed through sliding doors from the living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,262
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,240
$185.2K
Cap Rate 7%
$132,314
$132.3K
Cap Rate 9%
$102,911
$102.9K
Market Conditions
NOI Build-Up for 912 SF
Gross rent
$17.8K $19.56/SF
− Vacancy
−$999 −$1.10/SF
EGI
$16.8K $18.46/SF
− OpEx
−$7.6K −$8.31/SF
NOI
$9.3K $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%
$185,240
Cap Rate 7%
$132,314
Cap Rate 9%
$102,911
Alternative Uses
Best Use
Apartment 5plus
$132.3K
$115.8K – $154.4K
NOI $9,262 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.2K
$202.3K – $269.8K
NOI $16,187 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
96
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-level condominium with refreshed interiors, private patio access, and association-maintained exterior services.
Where is this residential income property located?
The property is located at 121 KENWOOD DRIVE Sicklerville, NJ.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bath second‑level condominium; Renovated bathroom with new fixtures and refreshed interior finishes; Private patio accessed through sliding doors from the living and dining area
