Residential Income Property with
For Sale
$265,000
Pending
1504-B DENHAM COURT, Mount Laurel, NJ 08054
Second-floor residence with two bedrooms, updated interiors, private balcony, and additional loft space.
Property Size1,164 SF
Days on Market27
Property Features for 1504-B DENHAM COURT
General Information
Standard status
Pending
Size
1,164 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA with loft
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,533
Building Details
Building Size
1,164 SF
Year Built
1987
Listing Agency:
Weichert Realtors - Moorestown
Listed By:
Robert Greenblatt · License #788893
(856) 296-4131
Source:
Patmckennarealtors
Added: Sep 11
Changed: Oct 3
Last Checked: Oct 5 at 10:49PM
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 Weichert Realtors - Moorestown
Investment Insights
Based on property information with market context.
This second-floor residential income property includes two bedrooms, one full bathroom, and a loft that expands the usable interior. The kitchen has white cabinetry, granite countertops, and stainless steel appliances, while the living area opens to a private balcony with wooded views. The primary bedroom includes a walk-in closet, and the bathroom has tile finishes and a modern vanity.
The loft provides adaptable space for an office, sitting area, or guest area and connects to a walk-in attic. Additional storage is available off the balcony. The property was built in 1987 and is located in The Lakes community in Mount Laurel, New Jersey.
The loft provides adaptable space for an office, sitting area, or guest area and connects to a walk-in attic. Additional storage is available off the balcony. The property was built in 1987 and is located in The Lakes community in Mount Laurel, New Jersey.
Key Highlights
- Two‑bedroom, one‑bath second‑floor condo with loft
- Updated kitchen with white cabinetry, granite countertops, and stainless steel appliances
- Private balcony overlooking a wooded setting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,246
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,920
$304.9K
Cap Rate 7%
$217,800
$217.8K
Cap Rate 9%
$169,400
$169.4K
Market Conditions
NOI Build-Up for 1,164 SF
Gross rent
$29.3K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.7K $23.81/SF
− OpEx
−$12.5K −$10.72/SF
NOI
$15.2K $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%
$304,920
Cap Rate 7%
$217,800
Cap Rate 9%
$169,400
Alternative Uses
Best Use
Apartment 5plus
$217.8K
$190.6K – $254.1K
NOI $15,246 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.43M
$2.13M – $2.84M
NOI $170,414 @ 7.0% cap · market cap 64.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
61
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor residence with two bedrooms, updated interiors, private balcony, and additional loft space.
Where is this residential income property located?
The property is located at 1504-B DENHAM COURT Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath second‑floor condo with loft; Updated kitchen with white cabinetry, granite countertops, and stainless steel appliances; Private balcony overlooking a wooded setting
