Residential Income Property with
New
For Sale
$265,000
2008 THE WOODS II, Cherry Hill, NJ 08003
The second-floor home features a fireplace, an enclosed laundry room, and a kitchen with quartz countertops.
Property Size903 SF
Days on Market5
Property Features for 2008 THE WOODS II
General Information
Standard status
Active
Size
903 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,602
Amenities
recessed lighting
built-in office nook
new kitchen cabinets
quartz countertops
stainless steel appliances
gas stove
enclosed laundry room
washer and dryer
spa-like shower
floor-to-ceiling closets
fireplace
oversized balcony
Building Details
Building Size
903 SF
Year Built
1986
Listing Agency:
BHHS Fox & Roach-Cherry Hill
Listed By:
Danielle Ochman · License #894756
(609) 744-6161
Source:
Patmckennarealtors
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:18AM
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 BHHS Fox & Roach-Cherry Hill
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Investment Insights
Based on property information with market context.
This second-floor condominium offers more than 900 square feet of living space, with a living room, kitchen, primary suite, and full bathroom. The kitchen has newer cabinets, quartz countertops with seating for two, stainless steel appliances, and a gas stove. An enclosed laundry room contains a washer and dryer. The bathroom has a large vanity and a shower; the primary suite includes floor-to-ceiling closets with built-in organization. Recessed lighting, fresh paint, and a balcony round out the interior features, while a fireplace provides another place to relax.
Key Highlights
- More than 900 square feet in a second‑floor condominium
- Kitchen with quartz countertops, seating for two, stainless steel appliances, and a gas stove
- Enclosed laundry room with washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,170
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,400
$183.4K
Cap Rate 7%
$131,000
$131.0K
Cap Rate 9%
$101,889
$101.9K
Market Conditions
NOI Build-Up for 903 SF
Gross rent
$17.7K $19.56/SF
− Vacancy
−$989 −$1.10/SF
EGI
$16.7K $18.46/SF
− OpEx
−$7.5K −$8.31/SF
NOI
$9.2K $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%
$183,400
Cap Rate 7%
$131,000
Cap Rate 9%
$101,889
Alternative Uses
Best Use
Apartment 5plus
$131.0K
$114.6K – $152.8K
NOI $9,170 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$229.0K
$200.3K – $267.1K
NOI $16,027 @ 7.0% cap · market cap 6.05%
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
128
Businesses Nearby
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Business Placement
Demographics for 08003, NJ
31,402
Population
12,049
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
2,855
Density / Sq Mi
$155,947
Median Household Income
$77,139
Median Earnings
$1,991
Median Rent
$418,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor home features a fireplace, an enclosed laundry room, and a kitchen with quartz countertops.
Where is this residential income property located?
The property is located at 2008 THE WOODS II Cherry Hill, 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: More than 900 square feet in a second‑floor condominium; Kitchen with quartz countertops, seating for two, stainless steel appliances, and a gas stove; Enclosed laundry room with washer and dryer
