Residential Income Property with
For Sale
$258,000
282 EVERLY COURT, Mount Laurel, NJ 08054
End-unit condominium offering flexible living space, updated finishes, and a private balcony.
Property Size1,164 SF
Days on Market56
Property Features for 282 EVERLY COURT
General Information
Standard status
Active
Size
1,164 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,433
Building Details
Building Size
1,164 SF
Year Built
1985
Listing Agency:
EXP Realty, LLC
Listed By:
Michael Thornton · License #0227077
(856) 607-5089
Source:
Patmckennarealtors
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 26 at 11:20PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This second-floor end-unit condominium includes two bedrooms, one full bathroom, a living room with cathedral ceilings, and a formal dining area. A loft adds adaptable interior space that can function as a bedroom, office, or playroom, while the primary bedroom includes a walk-in closet. The property also features a balcony and was built in 1985.
Recent improvements include a replacement gas water heater installed in 2021, along with a new vanity, toilet, and flooring. The condominium is located in Le Club at 282 Everly Court in Mount Laurel, New Jersey.
Recent improvements include a replacement gas water heater installed in 2021, along with a new vanity, toilet, and flooring. The condominium is located in Le Club at 282 Everly Court in Mount Laurel, New Jersey.
Key Highlights
- Second‑floor end‑unit condominium in Le Club
- Two bedrooms and one full bathroom
- Large loft suitable for a bedroom, office, or playroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,246
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,920
$304.9K
Cap Rate 7%
$217,800
$217.8K
Cap Rate 9%
$169,400
$169.4K
Market Conditions
NOI Build-Up for 1,164 SF
Gross rent
$29.3K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.7K $23.81/SF
− OpEx
−$12.5K −$10.72/SF
NOI
$15.2K $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%
$304,920
Cap Rate 7%
$217,800
Cap Rate 9%
$169,400
Alternative Uses
Best Use
Apartment 5plus
$217.8K
$190.6K – $254.1K
NOI $15,246 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.43M
$2.13M – $2.84M
NOI $170,414 @ 7.0% cap · market cap 66.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
76
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 - End-unit condominium offering flexible living space, updated finishes, and a private balcony.
Where is this residential income property located?
The property is located at 282 EVERLY COURT Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: Second‑floor end‑unit condominium in Le Club; Two bedrooms and one full bathroom; Large loft suitable for a bedroom, office, or playroom
