Residential Condo with
New
For Sale
$279,800
148 BIRCHFIELD COURT, Mount Laurel, NJ 08054
Updated kitchen finishes, two full bathrooms, and a separate sunroom shape this second-floor home.
Property Size1,171 SF
Days on Market5
Property Features for 148 BIRCHFIELD COURT
General Information
Standard status
Active
Size
1,171 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,912
Amenities
lake
Building Details
Building Size
1,171 SF
Year Built
1981
Listing Agency:
Keller Williams Realty - Washington Township
Listed By:
Julie Anne Twomey · License #2077857
(856) 449-9118
Source:
Patmckennarealtors
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 at 4:04PM
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 Realty - Washington Township
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Investment Insights
Based on property information with market context.
This second-floor condominium, built in 1981, has two bedrooms and two bathrooms. Its layout includes a living room, dining area, and sunroom, along with updated flooring. The kitchen features granite countertops, white shaker cabinets, stainless steel appliances, and a tile backsplash. The primary bedroom has an ensuite bathroom, while the second bedroom is served by a separate hall bath.
The Birchfield community is described as close to major highways and shopping. A lake within the community offers a setting for walks, and the property is presented as a low-maintenance home.
The Birchfield community is described as close to major highways and shopping. A lake within the community offers a setting for walks, and the property is presented as a low-maintenance home.
Key Highlights
- Two‑bedroom, two‑bathroom second‑floor condominium
- Updated kitchen with granite counters, white shaker cabinetry, stainless steel appliances, and tile backsplash
- Sunroom plus separate living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,337
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,740
$306.7K
Cap Rate 7%
$219,100
$219.1K
Cap Rate 9%
$170,411
$170.4K
Market Conditions
NOI Build-Up for 1,171 SF
Gross rent
$29.5K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.9K $23.81/SF
− OpEx
−$12.5K −$10.72/SF
NOI
$15.3K $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%
$306,740
Cap Rate 7%
$219,100
Cap Rate 9%
$170,411
Alternative Uses
Best Use
Apartment 5plus
$219.1K
$191.7K – $255.6K
NOI $15,337 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.45M
$2.14M – $2.86M
NOI $171,439 @ 7.0% cap · market cap 61.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen finishes, two full bathrooms, and a separate sunroom shape this second-floor home.
Where is this residential income property located?
The property is located at 148 BIRCHFIELD COURT Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $279,800.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom second‑floor condominium; Updated kitchen with granite counters, white shaker cabinetry, stainless steel appliances, and tile backsplash; Sunroom plus separate living and dining areas
