End-Unit
For Sale
$315,000
241 TAVISTOCK, Cherry Hill, NJ 08034
The second-floor residence features an open layout, a primary bedroom with bath, and two balconies.
Property Size1,101 SF
Price / SF$286.10
Days on Market10
Property Features for 241 TAVISTOCK
General Information
Standard status
Active
Size
1,101 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
balcony
Building Details
Year Built
1987
Listing Agency:
Prominent Properties Sotheby's Intl Realty
(856) 428-5150
Listed By:
Sophie P. Dubiel
(609) 313-5187
Source:
Cummingsrealtors
Added: Oct 7
Changed: Oct 15
Last Checked: Oct 15 at 1:06AM
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 Prominent Properties Sotheby's Intl Realty
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Investment Insights
Based on property information with market context.
This end-unit condominium occupies the second floor and has an open floor plan, a primary bedroom with an attached bath, and two balconies. A spiral staircase provides access to the upper level. The property was built in 1987 and measures 1,101 square feet.
The residence is in Tavistock, Cherry Hill, where local shopping and entertainment areas are accessible. Grounds are maintained.
The residence is in Tavistock, Cherry Hill, where local shopping and entertainment areas are accessible. Grounds are maintained.
Key Highlights
- 1,101‑square‑foot end‑unit condominium
- Second‑floor location with two balconies
- Open floor plan with primary bedroom and bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,931
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,620
$338.6K
Cap Rate 7%
$241,871
$241.9K
Cap Rate 9%
$188,122
$188.1K
Market Conditions
NOI Build-Up for 1,101 SF
Gross rent
$33.0K $30.00/SF
− Vacancy
−$2.2K −$2.04/SF
EGI
$30.8K $27.96/SF
− OpEx
−$13.9K −$12.58/SF
NOI
$16.9K $15.38/SF
Area
Bergen County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,620
Cap Rate 7%
$241,871
Cap Rate 9%
$188,122
Alternative Uses
Best Use
Apartment 5plus
$241.9K
$211.6K – $282.2K
NOI $16,931 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.5K
$251.6K – $335.4K
NOI $20,125 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 08034, NJ
19,256
Population
8,108
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
94%
High-School Grad
5.9 sq mi
ZIP Area
3,264
Density / Sq Mi
$111,244
Median Household Income
$56,792
Median Earnings
$1,707
Median Rent
$335,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor residence features an open layout, a primary bedroom with bath, and two balconies.
Where is this residential income property located?
The property is located at 241 TAVISTOCK Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,101‑square‑foot end‑unit condominium; Second‑floor location with two balconies; Open floor plan with primary bedroom and bath
