Loft-Style Residential Income
For Sale
$289,900
292 EVERLY COURT, Mount Laurel, NJ 08054
The second-floor unit combines two bedrooms and two full bathrooms with an open loft above the family room.
Property Size1,336 SF
Price / SF$216.99
Days on Market131
Property Features for 292 EVERLY COURT
General Information
Standard status
Active
Size
1,336 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,047
Amenities
private balcony
fireplace
loft
Building Details
Building Size
1,336 SF
Year Built
1985
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Jun 19
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 Keller Williams Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,336-square-foot, second-floor condo has two bedrooms, two full bathrooms, and a loft overlooking the family room. Soaring ceilings rise above the main living area, while a fireplace serves the loft. A private balcony extends the living space outdoors. Recent work includes new carpeting and a replacement balcony completed in May as part of a community-wide project. The property was built in 1985.
In Mount Laurel, the unit is near Route 38, shopping, dining, and everyday conveniences.
In Mount Laurel, the unit is near Route 38, shopping, dining, and everyday conveniences.
Key Highlights
- 1,336‑square‑foot, second‑floor condo
- Two bedrooms and two full bathrooms
- Loft overlooks the family room and includes a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,499
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,980
$350.0K
Cap Rate 7%
$249,986
$250.0K
Cap Rate 9%
$194,433
$194.4K
Market Conditions
NOI Build-Up for 1,336 SF
Gross rent
$33.7K $25.20/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$31.8K $23.81/SF
− OpEx
−$14.3K −$10.72/SF
NOI
$17.5K $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%
$349,980
Cap Rate 7%
$249,986
Cap Rate 9%
$194,433
Alternative Uses
Best Use
Apartment 5plus
$250.0K
$218.7K – $291.7K
NOI $17,499 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.79M
$2.44M – $3.26M
NOI $195,595 @ 7.0% cap · market cap 67.47%
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
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 - The second-floor unit combines two bedrooms and two full bathrooms with an open loft above the family room.
Where is this residential income property located?
The property is located at 292 EVERLY COURT Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 1,336‑square‑foot, second‑floor condo; Two bedrooms and two full bathrooms; Loft overlooks the family room and includes a fireplace
