Residential Income
New
For Sale
$259,900
3507 WIMBLEDON WAY, Blackwood, NJ 08012
The two-bedroom, two-bathroom condo offers single-level access and a private patio.
Property Size1,032 SF
Days on Market7
Property Features for 3507 WIMBLEDON WAY
General Information
Standard status
Active
Size
1,032 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,680
Building Details
Building Size
1,032 SF
Year Built
1991
Listing Agency:
Redfin
Listed By:
Anthony Celano · License #1860374
(856) 208-0944
Source:
Patmckennarealtors
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 26 at 11:07PM
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 Redfin
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Investment Insights
Based on property information with market context.
Built in 1991, this first-floor condominium has two bedrooms and two full bathrooms. The living area has luxury vinyl plank flooring, while the kitchen features tile floors, stainless steel appliances, an instant hot water dispenser, and a sink-mounted water purification system. Updated bathrooms, newer bedroom carpeting, and newer windows add to the unit’s interior features. A private patio provides outdoor space.
The condo is in the Players Place II community in Blackwood, New Jersey. Its first-floor position and single-level layout are practical features of the residence.
The condo is in the Players Place II community in Blackwood, New Jersey. Its first-floor position and single-level layout are practical features of the residence.
Key Highlights
- Two bedrooms and two full bathrooms
- First‑floor condo with single‑level layout
- Kitchen with stainless steel appliances, instant hot water dispenser, and sink water purification system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,481
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,620
$209.6K
Cap Rate 7%
$149,729
$149.7K
Cap Rate 9%
$116,456
$116.5K
Market Conditions
NOI Build-Up for 1,032 SF
Gross rent
$20.2K $19.56/SF
− Vacancy
−$1.1K −$1.10/SF
EGI
$19.1K $18.46/SF
− OpEx
−$8.6K −$8.31/SF
NOI
$10.5K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,620
Cap Rate 7%
$149,729
Cap Rate 9%
$116,456
Alternative Uses
Best Use
Apartment 5plus
$149.7K
$131.0K – $174.7K
NOI $10,481 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.7K
$229.0K – $305.3K
NOI $18,317 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 08012, NJ
38,581
Population
16,192
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
15.0 sq mi
ZIP Area
2,572
Density / Sq Mi
$93,497
Median Household Income
$52,650
Median Earnings
$1,589
Median Rent
$268,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bathroom condo offers single-level access and a private patio.
Where is this residential income property located?
The property is located at 3507 WIMBLEDON WAY Blackwood, NJ.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; First‑floor condo with single‑level layout; Kitchen with stainless steel appliances, instant hot water dispenser, and sink water purification system
