First-Floor Residential Income
New
For Sale
$275,000
2803 SWEETLEAF TERRACE, Mount Laurel, NJ 08054
The 55+ community offers a clubhouse, outdoor pool, tennis and pickleball courts, and resident activities.
Property Size1,133 SF
Days on Market3
Property Features for 2803 SWEETLEAF TERRACE
General Information
Standard status
Active
Size
1,133 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,355
Amenities
clubhouse
library
card room
craft room
game room
exercise room
outdoor pool
tennis courts
pickleball courts
half basketball court
Building Details
Building Size
1,133 SF
Year Built
1993
Listing Agency:
Weichert Realtors - Moorestown
Listed By:
Andrea Previte · License #1223604
(856) 261-0813
Source:
Patmckennarealtors
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 5 at 9:59PM
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 first-floor condominium has a bedroom with two walk-in closets, a loft, and a den that opens to a covered patio. The living room features cathedral ceilings and a gas fireplace. An updated kitchen includes granite counters, a tiled backsplash, pantry storage, and a new refrigerator, range, and microwave. The bathroom was remodeled in 2026 with a walk-in shower, new flooring, vanity, and toilet. A covered front porch provides a second outdoor area, and the unit also has a sunroom, utility storage, and additional space beneath the stairs.
Located in Holiday Village East, a 55+ community in Mount Laurel, the property includes access to a clubhouse with a library, card room, craft room, game room, and exercise room. Community amenities also include an outdoor pool, tennis and pickleball courts, a half basketball court, and organized social activities. The HOA handles exterior and grounds maintenance, lawn cutting, leaf removal, and snow removal over two inches.
Located in Holiday Village East, a 55+ community in Mount Laurel, the property includes access to a clubhouse with a library, card room, craft room, game room, and exercise room. Community amenities also include an outdoor pool, tennis and pickleball courts, a half basketball court, and organized social activities. The HOA handles exterior and grounds maintenance, lawn cutting, leaf removal, and snow removal over two inches.
Key Highlights
- First‑floor condo with a bedroom, loft, den, and sunroom
- Bathroom remodeled in 2026 with a new walk‑in shower, flooring, vanity, and toilet
- Updated kitchen with granite counters, tiled backsplash, and new refrigerator, range, and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,840
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,800
$296.8K
Cap Rate 7%
$212,000
$212.0K
Cap Rate 9%
$164,889
$164.9K
Market Conditions
NOI Build-Up for 1,133 SF
Gross rent
$28.6K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.0K $23.81/SF
− OpEx
−$12.1K −$10.72/SF
NOI
$14.8K $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%
$296,800
Cap Rate 7%
$212,000
Cap Rate 9%
$164,889
Alternative Uses
Best Use
Apartment 5plus
$212.0K
$185.5K – $247.3K
NOI $14,840 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.37M
$2.07M – $2.76M
NOI $165,875 @ 7.0% cap · market cap 60.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
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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 - The 55+ community offers a clubhouse, outdoor pool, tennis and pickleball courts, and resident activities.
Where is this residential income property located?
The property is located at 2803 SWEETLEAF TERRACE Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: First‑floor condo with a bedroom, loft, den, and sunroom; Bathroom remodeled in 2026 with a new walk‑in shower, flooring, vanity, and toilet; Updated kitchen with granite counters, tiled backsplash, and new refrigerator, range, and microwave
