Renovated Residential Income
New
For Sale
$349,000
186 TAVISTOCK Unit 1, Cherry Hill, NJ 08034
The two-bedroom, two-bath residence features an updated kitchen, a fireplace, and a private patio facing wooded grounds.
Property Size1,005 SF
Days on Market7
Property Features for 186 TAVISTOCK Unit 1
General Information
Standard status
Active
Size
1,005 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Asking Price
$349,900
Taxes and HOA fees
Annual Taxes
$6,139
Amenities
private patio
tiled fireplace
outdoor pool
tennis courts
health club
Building Details
Building Size
1,005 SF
Year Built
1987
Listing Agency:
Homecoin.com
Listed By:
Jonathan Minerick · License #2329805
(888) 400-2513
Source:
Patmckennarealtors
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 6 at 12:34AM
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 Homecoin.com
Investment Insights
Based on property information with market context.
Set within the Tavistock Condominiums, this first-floor residence offers two bedrooms and two full bathrooms. The kitchen has new cabinetry, countertops, and appliances, with a half-wall and counter connecting it to the living area. A tiled fireplace anchors the living room. The primary bedroom includes a walk-in closet and a private bath with a tiled walk-in shower; the second bath has a tub and shower. Flooring, lighting, fixtures, and ceiling fans have also been updated, and the hot water heater is new. The home was built in 1987.
The patio overlooks wooded land, with no buildings directly behind it. Community amenities include an outdoor pool, tennis courts, and a health club. The property is in Cherry Hill, minutes from downtown Haddonfield, the PATCO Speedline, and major commuting highways.
The patio overlooks wooded land, with no buildings directly behind it. Community amenities include an outdoor pool, tennis courts, and a health club. The property is in Cherry Hill, minutes from downtown Haddonfield, the PATCO Speedline, and major commuting highways.
Key Highlights
- Two bedrooms and two full bathrooms
- First‑floor unit with a patio facing wooded grounds
- Updated kitchen with new cabinetry, countertops, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,455
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,100
$309.1K
Cap Rate 7%
$220,786
$220.8K
Cap Rate 9%
$171,722
$171.7K
Market Conditions
NOI Build-Up for 1,005 SF
Gross rent
$30.2K $30.00/SF
− Vacancy
−$2.1K −$2.04/SF
EGI
$28.1K $27.96/SF
− OpEx
−$12.6K −$12.58/SF
NOI
$15.5K $15.38/SF
Area
Bergen County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,100
Cap Rate 7%
$220,786
Cap Rate 9%
$171,722
Alternative Uses
Best Use
Apartment 5plus
$220.8K
$193.2K – $257.6K
NOI $15,455 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$262.4K
$229.6K – $306.2K
NOI $18,370 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 08034, NJ
19,256
Population
8,108
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
94%
High-School Grad
5.9 sq mi
ZIP Area
3,264
Density / Sq Mi
$111,244
Median Household Income
$56,792
Median Earnings
$1,707
Median Rent
$335,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath residence features an updated kitchen, a fireplace, and a private patio facing wooded grounds.
Where is this residential income property located?
The property is located at 186 TAVISTOCK Unit 1 Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; First‑floor unit with a patio facing wooded grounds; Updated kitchen with new cabinetry, countertops, and appliances
