Two-Bedroom Residential Income
New
For Sale
$245,000
207 KELLY CV, Mount Laurel, NJ 08054
Ground-floor living includes a patio, wood-burning fireplace, and separate outdoor storage.
Property Size1,036 SF
Price / SF$236.49
Days on Market4
Property Features for 207 KELLY CV
General Information
Standard status
Active
Size
1,036 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
fireplace
patio
outdoor storage
Building Details
Year Built
1981
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
Jeannette Gasper
(609) 410-9376
Source:
Cummingsrealtors
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 8:01AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,036-square-foot first-floor residence in Treehouse I of Ramblewood has two bedrooms, one full bath, and one half bath. Wood flooring extends through the unit, which also includes a foyer, formal dining area, and living room with a wood-burning fireplace. The primary bedroom features a walk-in closet and its own bathroom; additional closets provide storage, and a utility room sits beside the kitchen. A patio and a separate outdoor storage unit are included. The residence was built in 1981.
The community is described as close to shopping, major roads and highways, restaurants, Ramblewood Country Club, and golf. The patio offers outdoor space for seating or play.
The community is described as close to shopping, major roads and highways, restaurants, Ramblewood Country Club, and golf. The patio offers outdoor space for seating or play.
Key Highlights
- 1,036‑square‑foot, first‑floor residence with two bedrooms
- One full bath and one half bath
- Living room with wood‑burning fireplace and formal dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,569
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,380
$271.4K
Cap Rate 7%
$193,843
$193.8K
Cap Rate 9%
$150,767
$150.8K
Market Conditions
NOI Build-Up for 1,036 SF
Gross rent
$26.1K $25.20/SF
− Vacancy
−$1.4K −$1.39/SF
EGI
$24.7K $23.81/SF
− OpEx
−$11.1K −$10.72/SF
NOI
$13.6K $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%
$271,380
Cap Rate 7%
$193,843
Cap Rate 9%
$150,767
Alternative Uses
Best Use
Apartment 5plus
$193.8K
$169.6K – $226.2K
NOI $13,569 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.17M
$1.90M – $2.53M
NOI $151,674 @ 7.0% cap · market cap 61.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
868
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 - Ground-floor living includes a patio, wood-burning fireplace, and separate outdoor storage.
Where is this residential income property located?
The property is located at 207 KELLY CV Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,036‑square‑foot, first‑floor residence with two bedrooms; One full bath and one half bath; Living room with wood‑burning fireplace and formal dining area
