Residential Income Property with Finished
For Sale
$350,000
219 SHERBROOKE COURT Unit 219, Cherry Hill, NJ 08003
An end-unit residence combines updated interior finishes with a flexible office, extra living space, and an expanded patio.
Property Size2,350 SF
Price / SF$148.94
Days on Market69
Property Features for 219 SHERBROOKE COURT Unit 219
General Information
Standard status
Active
Size
2,350 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,129
Amenities
wood-burning fireplace
expanded patio
main-level laundry
finished basement
private office
pool table
Building Details
Building Size
2,350 SF
Year Built
1988
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Aug 20
Changed: Oct 27
Last Checked: Oct 27 at 3:28AM
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
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Investment Insights
Based on property information with market context.
This 2,350-square-foot end-unit residential property, built in 1988, has two bedrooms with private en-suite baths and a separate powder room. The updated eat-in kitchen opens to living and dining areas with birch hardwood flooring, and sliding doors provide access to an expanded patio. A wood-burning fireplace and recessed lighting add features to the main living area; laundry is on the main level, and all three bathrooms have been renovated.
The finished basement adds living space, storage, and a private office that can also serve as a guest room, bedroom, or hobby area. A pool table is included. The combination of bedroom suites, guest bath, basement space, office, and patio provides a range of living areas within the residence.
The finished basement adds living space, storage, and a private office that can also serve as a guest room, bedroom, or hobby area. A pool table is included. The combination of bedroom suites, guest bath, basement space, office, and patio provides a range of living areas within the residence.
Key Highlights
- 2,350 square feet; built in 1988
- End‑unit residence with two bedrooms, each with an en‑suite bath, plus a powder room
- Finished basement includes storage and a private office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,866
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,320
$477.3K
Cap Rate 7%
$340,943
$340.9K
Cap Rate 9%
$265,178
$265.2K
Market Conditions
NOI Build-Up for 2,350 SF
Gross rent
$46.0K $19.56/SF
− Vacancy
−$2.6K −$1.10/SF
EGI
$43.4K $18.46/SF
− OpEx
−$19.5K −$8.31/SF
NOI
$23.9K $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%
$477,320
Cap Rate 7%
$340,943
Cap Rate 9%
$265,178
Alternative Uses
Best Use
Apartment 5plus
$340.9K
$298.3K – $397.8K
NOI $23,866 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$595.9K
$521.4K – $695.2K
NOI $41,710 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - An end-unit residence combines updated interior finishes with a flexible office, extra living space, and an expanded patio.
Where is this residential income property located?
The property is located at 219 SHERBROOKE COURT Unit 219 Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,350 square feet; built in 1988; End‑unit residence with two bedrooms, each with an en‑suite bath, plus a powder room; Finished basement includes storage and a private office
