End-Unit Residential Income
For Sale
$269,000
Pending
3002 GREENWOOD COURT, Mount Laurel, NJ 08054
Updated two-bedroom condominium with private patio, in-unit laundry, assigned parking, and access to community recreation amenities.
Property Size1,182 SF
Days on Market75
Property Features for 3002 GREENWOOD COURT
General Information
Standard status
Pending
Size
1,182 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
$3,989
Amenities
in-unit laundry
private patio
assigned parking
baseball
basketball
pickle ball
tennis
walking trails
tot lot/playground
picnic area
Building Details
Building Size
1,182 SF
Year Built
1987
Listing Agency:
BHHS Fox & Roach - Haddonfield
Listed By:
Diane Narleski · License #2081723
(609) 980-3730
Source:
Patmckennarealtors
Added: Jul 31
Changed: Oct 3
Last Checked: Oct 13 at 2:13AM
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 BHHS Fox & Roach - Haddonfield
Investment Insights
Based on property information with market context.
This end-unit condominium offers approximately 1,182 square feet with two bedrooms, two full bathrooms, and an open-concept living and dining area. The kitchen includes stainless steel appliances, wood cabinetry, and an open sightline to the main living space. Laminate plank flooring, neutral finishes, granite bathroom countertops, ceramic tile flooring, and an HVAC system installed in 2022 add to the updated interior. A primary suite includes an en suite bath and substantial closet space, while the second bedroom can serve as guest accommodation, office space, or a flexible-use room. In-unit laundry, assigned parking, and a private patio overlooking maintained common grounds complete the property.
Key Highlights
- Approximately 1,182 square feet with 2 bedrooms and 2 full bathrooms
- End‑unit condominium with a private patio overlooking common grounds
- HVAC system installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,481
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,620
$309.6K
Cap Rate 7%
$221,157
$221.2K
Cap Rate 9%
$172,011
$172.0K
Market Conditions
NOI Build-Up for 1,182 SF
Gross rent
$29.8K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$28.1K $23.81/SF
− OpEx
−$12.7K −$10.72/SF
NOI
$15.5K $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%
$309,620
Cap Rate 7%
$221,157
Cap Rate 9%
$172,011
Alternative Uses
Best Use
Apartment 5plus
$221.2K
$193.5K – $258.0K
NOI $15,481 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.47M
$2.16M – $2.88M
NOI $173,049 @ 7.0% cap · market cap 64.33%
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
435
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom condominium with private patio, in-unit laundry, assigned parking, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 3002 GREENWOOD COURT Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Approximately 1,182 square feet with 2 bedrooms and 2 full bathrooms; End‑unit condominium with a private patio overlooking common grounds; HVAC system installed in 2022
