Updated Residential Income
For Sale
$295,000
Pending
2302 TODDSBURY COURT, Mount Laurel, NJ 08054
Upper-level condominium with two bedrooms, remodeled kitchen, sunroom, and access to active-adult amenities.
Property Size1,220 SF
Days on Market52
Property Features for 2302 TODDSBURY COURT
General Information
Standard status
Pending
Size
1,220 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,254
Amenities
pool
gym
pickleball
tennis
Building Details
Building Size
1,220 SF
Year Built
1991
Listing Agency:
Weichert Realtors - Moorestown
Listed By:
Jacqueline Smoyer · License #1222545
(856) 296-7226
Source:
Patmckennarealtors
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 27 at 12:01AM
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 Weichert Realtors - Moorestown
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Investment Insights
Based on property information with market context.
This upper-level condominium at 2302 Toddsbury Court includes an open living and dining arrangement, a sunroom with expansive windows, a gas fireplace, and crown molding. The remodeled kitchen features real wood soft-close cabinetry, granite countertops, and newer stainless-steel appliances. The primary suite has a private bath and dual closets, while the second bedroom is complemented by a large utility room and separate storage area. Improvements include a newer water heater, HVAC system, washer and dryer, and carpeting.
The property is located in Holiday Village East, an active 55+ community in Mount Laurel. Community amenities include a pool, gym, pickleball and tennis facilities, clubs, and classes. Shopping, dining, and major highways are also described as nearby. Built in 1991, the residence combines a two-bedroom layout with updated interior features and community-oriented amenities.
The property is located in Holiday Village East, an active 55+ community in Mount Laurel. Community amenities include a pool, gym, pickleball and tennis facilities, clubs, and classes. Shopping, dining, and major highways are also described as nearby. Built in 1991, the residence combines a two-bedroom layout with updated interior features and community-oriented amenities.
Key Highlights
- Upper‑level condominium in Holiday Village East
- Two‑bedroom layout with primary suite, private bath, and dual closets
- Remodeled kitchen with real wood soft‑close cabinets and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,979
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,580
$319.6K
Cap Rate 7%
$228,271
$228.3K
Cap Rate 9%
$177,544
$177.5K
Market Conditions
NOI Build-Up for 1,220 SF
Gross rent
$30.7K $25.20/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$29.1K $23.81/SF
− OpEx
−$13.1K −$10.72/SF
NOI
$16.0K $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%
$319,580
Cap Rate 7%
$228,271
Cap Rate 9%
$177,544
Alternative Uses
Best Use
Apartment 5plus
$228.3K
$199.7K – $266.3K
NOI $15,979 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.55M
$2.23M – $2.98M
NOI $178,612 @ 7.0% cap · market cap 60.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
116
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Upper-level condominium with two bedrooms, remodeled kitchen, sunroom, and access to active-adult amenities.
Where is this residential income property located?
The property is located at 2302 TODDSBURY COURT Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Upper‑level condominium in Holiday Village East; Two‑bedroom layout with primary suite, private bath, and dual closets; Remodeled kitchen with real wood soft‑close cabinets and granite countertops
