Two-Bedroom Residential Income
New
For Sale
$250,000
2411 DURHAM COURT, Mount Laurel, NJ 08054
A second-floor condominium in Brittany Lakes has two bedrooms, two bathrooms, and newer windows.
Property Size1,032 SF
Days on Market4
Property Features for 2411 DURHAM COURT
General Information
Standard status
Active
Size
1,032 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,683
Building Details
Building Size
1,032 SF
Year Built
1987
Listing Agency:
Connection Property Management
Listed By:
Veronica Vetro · License #1435281
(215) 806-1817
Source:
Patmckennarealtors
Added: Oct 24
Changed: Oct 27
Last Checked: Oct 27 at 4:10AM
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 Connection Property Management
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor condominium in Brittany Lakes includes two bedrooms and two bathrooms. Built in 1987, the residence has newer windows and a furnace replaced in 2025. The property is being sold as is.
The community is in Mount Laurel, with major highways, shopping, and restaurants nearby.
The community is in Mount Laurel, with major highways, shopping, and restaurants nearby.
Key Highlights
- Two‑bedroom, two‑bathroom second‑floor condominium
- Furnace replaced in 2025
- Newer windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,517
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,340
$270.3K
Cap Rate 7%
$193,100
$193.1K
Cap Rate 9%
$150,189
$150.2K
Market Conditions
NOI Build-Up for 1,032 SF
Gross rent
$26.0K $25.20/SF
− Vacancy
−$1.4K −$1.39/SF
EGI
$24.6K $23.81/SF
− OpEx
−$11.1K −$10.72/SF
NOI
$13.5K $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%
$270,340
Cap Rate 7%
$193,100
Cap Rate 9%
$150,189
Alternative Uses
Best Use
Apartment 5plus
$193.1K
$169.0K – $225.3K
NOI $13,517 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.16M
$1.89M – $2.52M
NOI $151,089 @ 7.0% cap · market cap 60.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
405
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 - A second-floor condominium in Brittany Lakes has two bedrooms, two bathrooms, and newer windows.
Where is this residential income property located?
The property is located at 2411 DURHAM COURT Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom second‑floor condominium; Furnace replaced in 2025; Newer windows
