Remodeled Residential Income
New
For Sale
$330,000
2606 BLUEGRASS DRIVE, Mount Laurel, NJ 08054
The condo pairs an updated kitchen and bathrooms with a private covered deck and substantial storage.
Property Size1,300 SF
Days on Market5
Property Features for 2606 BLUEGRASS DRIVE
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,614
Amenities
private covered deck
clubhouse
library
card room
craft room
game room
exercise room
outdoor pool
tennis and pickleball courts
half basketball court
Building Details
Building Size
1,300 SF
Year Built
1998
Listing Agency:
Weichert Realtors - Moorestown
Listed By:
Andrea Previte · License #1223604
(856) 261-0813
Source:
Patmckennarealtors
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 13 at 2:34AM
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
Investment Insights
Based on property information with market context.
This remodeled condo in Holiday Village East has two bedrooms, two full bathrooms, a vaulted-ceiling den, and a private covered deck. The kitchen features granite counters, upgraded cabinetry, a tiled backsplash, and Frigidaire Gallery appliances. A breakfast bar extends toward the dining area. The primary bedroom has two closets, including a walk-in, and an ensuite with a tiled walk-in shower. Other features include a remodeled laundry room with a GE washer and dryer, organized closets, and storage areas near the entry and den. The building was constructed in 1998.
Holiday Village East is a 55+ community in Mount Laurel. Community amenities include a clubhouse with library, card room, craft room, game room, and exercise room, as well as an outdoor pool, tennis and pickleball courts, and a half basketball court. The HOA covers exterior building and grounds care, lawn cutting, leaf removal, and snow removal over two inches.
Holiday Village East is a 55+ community in Mount Laurel. Community amenities include a clubhouse with library, card room, craft room, game room, and exercise room, as well as an outdoor pool, tennis and pickleball courts, and a half basketball court. The HOA covers exterior building and grounds care, lawn cutting, leaf removal, and snow removal over two inches.
Key Highlights
- Two‑bedroom, two‑bathroom condo in Holiday Village East, a 55+ community
- Remodeled kitchen with granite counters, upgraded cabinetry, tiled backsplash, and Frigidaire Gallery appliances
- Private covered deck, vaulted‑ceiling den, and multiple storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,027
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,540
$340.5K
Cap Rate 7%
$243,243
$243.2K
Cap Rate 9%
$189,189
$189.2K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$32.8K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$31.0K $23.81/SF
− OpEx
−$13.9K −$10.72/SF
NOI
$17.0K $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%
$340,540
Cap Rate 7%
$243,243
Cap Rate 9%
$189,189
Alternative Uses
Best Use
Apartment 5plus
$243.2K
$212.8K – $283.8K
NOI $17,027 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.72M
$2.38M – $3.17M
NOI $190,325 @ 7.0% cap · market cap 57.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
115
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo pairs an updated kitchen and bathrooms with a private covered deck and substantial storage.
Where is this residential income property located?
The property is located at 2606 BLUEGRASS DRIVE Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condo in Holiday Village East, a 55+ community; Remodeled kitchen with granite counters, upgraded cabinetry, tiled backsplash, and Frigidaire Gallery appliances; Private covered deck, vaulted‑ceiling den, and multiple storage areas
