Updated Residential Income
For Sale
$269,900
Pending
3520 NEILS COURT, Mount Laurel, NJ 08054
Open living, dining, and kitchen areas are paired with a large balcony and community amenities.
Property Size1,152 SF
Days on Market75
Property Features for 3520 NEILS COURT
General Information
Standard status
Pending
Size
1,152 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,841
Amenities
balcony
clubhouse
in-ground pool
tennis court
pickle ball courts
Building Details
Building Size
1,152 SF
Year Built
1986
Listing Agency:
Keller Williams Realty - Moorestown
Listed By:
Louis Sassano · License #1753136
(609) 238-8881
Source:
Patmckennarealtors
Added: Aug 14
Changed: Oct 26
Last Checked: Oct 27 at 12:23AM
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 - Moorestown
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Investment Insights
Based on property information with market context.
This second-floor condominium in Mount Laurel offers a two-bedroom, two-bath layout with an open arrangement connecting the living, dining, and kitchen areas. Luxury vinyl plank flooring extends throughout the residence. The kitchen includes granite countertops, newer stainless steel appliances, and a breakfast bar. The primary bedroom features an en-suite bath and walk-in closet, while the second bedroom connects directly to the hall bathroom. A large balcony adds outdoor space.
Located within the Renaissance Club 55+ Community, the property includes access to a clubhouse, in-ground pool, tennis court, and pickleball courts. Supermarkets, restaurants, and shops are reachable by a short drive or walk. Built in 1986, the condominium is located at 3520 Neils Court, Mount Laurel, NJ 08054.
Located within the Renaissance Club 55+ Community, the property includes access to a clubhouse, in-ground pool, tennis court, and pickleball courts. Supermarkets, restaurants, and shops are reachable by a short drive or walk. Built in 1986, the condominium is located at 3520 Neils Court, Mount Laurel, NJ 08054.
Key Highlights
- Second‑floor condominium with 2 bedrooms and 2 bathrooms
- Open connection between the living room, dining area, and kitchen
- Kitchen with granite countertops, newer stainless steel appliances, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,089
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,780
$301.8K
Cap Rate 7%
$215,557
$215.6K
Cap Rate 9%
$167,656
$167.7K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$29.0K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.4K $23.81/SF
− OpEx
−$12.3K −$10.72/SF
NOI
$15.1K $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%
$301,780
Cap Rate 7%
$215,557
Cap Rate 9%
$167,656
Alternative Uses
Best Use
Apartment 5plus
$215.6K
$188.6K – $251.5K
NOI $15,089 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.41M
$2.11M – $2.81M
NOI $168,657 @ 7.0% cap · market cap 62.49%
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
712
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 - Open living, dining, and kitchen areas are paired with a large balcony and community amenities.
Where is this residential income property located?
The property is located at 3520 NEILS COURT Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Second‑floor condominium with 2 bedrooms and 2 bathrooms; Open connection between the living room, dining area, and kitchen; Kitchen with granite countertops, newer stainless steel appliances, and breakfast bar
