Two-Bedroom Residential Income
New
For Sale
$245,000
222 LORING COURT, Sewell, NJ 08080
The first-floor residence has two full bathrooms and a walk-in closet in the main bedroom.
Property Size1,124 SF
Days on Market3
Property Features for 222 LORING COURT
General Information
Standard status
Active
Size
1,124 SF
Property subtype
Apartment
Building Details
Building Size
1,124 SF
Year Built
1988
Listing Agency:
Century 21 Rauh & Johns
Listed By:
Stacia Calabrese
(856) 582-0366
Source:
Patciervo.kw
Added: Oct 25
Changed: Oct 26
Last Checked: Oct 26 at 3:30PM
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 Century 21 Rauh & Johns
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Investment Insights
Based on property information with market context.
This first-floor condominium has two bedrooms and two full bathrooms. The kitchen features stainless steel appliances and ceramic tile flooring, with a dining area nearby. Ceramic tile also finishes the foyer and bathrooms, while luxury vinyl flooring runs through the remaining rooms. The main bedroom includes a private bathroom and a walk-in closet.
Heating and central air have been replaced, and the home has a tankless water heater. A rear patio and a storage closet add to the unit's features. The property was built in 1988.
Heating and central air have been replaced, and the home has a tankless water heater. A rear patio and a storage closet add to the unit's features. The property was built in 1988.
Key Highlights
- Two‑bedroom, two‑bathroom first‑floor condominium
- Kitchen with stainless steel appliances and ceramic tile flooring
- Main bedroom includes an en‑suite bathroom and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,138
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,760
$262.8K
Cap Rate 7%
$187,686
$187.7K
Cap Rate 9%
$145,978
$146.0K
Market Conditions
NOI Build-Up for 1,124 SF
Gross rent
$25.4K $22.56/SF
− Vacancy
−$1.5K −$1.31/SF
EGI
$23.9K $21.25/SF
− OpEx
−$10.7K −$9.56/SF
NOI
$13.1K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,760
Cap Rate 7%
$187,686
Cap Rate 9%
$145,978
Alternative Uses
Best Use
Apartment 5plus
$187.7K
$164.2K – $219.0K
NOI $13,138 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.8K
$330.6K – $440.8K
NOI $26,447 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
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Business Placement
Demographics for 08080, NJ
37,942
Population
14,746
Households
2.6
Avg Household Size
43
Median Age
44%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
1,299
Density / Sq Mi
$119,919
Median Household Income
$61,474
Median Earnings
$1,674
Median Rent
$330,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The first-floor residence has two full bathrooms and a walk-in closet in the main bedroom.
Where is this residential income property located?
The property is located at 222 LORING COURT Sewell, 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: Two‑bedroom, two‑bathroom first‑floor condominium; Kitchen with stainless steel appliances and ceramic tile flooring; Main bedroom includes an en‑suite bathroom and walk‑in closet
