First-Floor Residential Income
New
For Sale
$259,000
1401 SEDGEFIELD DRIVE, Mount Laurel, NJ 08054
The condo has two bedrooms, one bathroom, hardwood floors, and two outdoor sitting areas.
Property Size920 SF
Days on Market4
Property Features for 1401 SEDGEFIELD DRIVE
General Information
Standard status
Active
Size
920 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,831
Amenities
outdoor sitting areas
Building Details
Building Size
920 SF
Year Built
1987
Listing Agency:
SERHANT PENNSYLVANIA LLC
Listed By:
Michael T. Dougherty · License #2295315
(267) 432-6555
Source:
Patmckennarealtors
Added: Oct 24
Changed: Oct 27
Last Checked: Oct 27 at 3:50AM
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 SERHANT PENNSYLVANIA LLC
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Investment Insights
Based on property information with market context.
This first-floor condo in Laurel Place has two bedrooms and one full bathroom, with a separate dining area and a living room featuring hardwood flooring. The primary bedroom includes a walk-in closet, while the second bedroom has its own closet. Two outdoor sitting areas extend the living space, and the hot water heater and appliances were installed in 2022. The property was built in 1987.
The residence is in Mount Laurel, within the Laurel Place community. Shopping, dining, parks, and major commuter routes are nearby.
The residence is in Mount Laurel, within the Laurel Place community. Shopping, dining, parks, and major commuter routes are nearby.
Key Highlights
- First‑floor condo with 2 bedrooms and 1 bathroom
- Two outdoor sitting areas
- Hot water heater and appliances installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,050
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,000
$241.0K
Cap Rate 7%
$172,143
$172.1K
Cap Rate 9%
$133,889
$133.9K
Market Conditions
NOI Build-Up for 920 SF
Gross rent
$23.2K $25.20/SF
− Vacancy
−$1.3K −$1.39/SF
EGI
$21.9K $23.81/SF
− OpEx
−$9.9K −$10.72/SF
NOI
$12.0K $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%
$241,000
Cap Rate 7%
$172,143
Cap Rate 9%
$133,889
Alternative Uses
Best Use
Apartment 5plus
$172.1K
$150.6K – $200.8K
NOI $12,050 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.92M
$1.68M – $2.24M
NOI $134,691 @ 7.0% cap · market cap 52.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Explore this area
Business Placement
Demographics for 08054, NJ
44,633
Population
19,966
Households
2.2
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
21.7 sq mi
ZIP Area
2,057
Density / Sq Mi
$114,629
Median Household Income
$67,986
Median Earnings
$1,966
Median Rent
$341,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The condo has two bedrooms, one bathroom, hardwood floors, and two outdoor sitting areas.
Where is this residential income property located?
The property is located at 1401 SEDGEFIELD DRIVE Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: First‑floor condo with 2 bedrooms and 1 bathroom; Two outdoor sitting areas; Hot water heater and appliances installed in 2022
