Ground-Floor Residential
3633 ADELAIDE DRIVE, Mount Laurel, NJ 08054
For Sale
New
$225,000
The two-bedroom, two-bath home includes a private patio, in-unit laundry, and access to community recreation amenities.
Property Size1,104 SF
Days on Market5
Property Features for 3633 ADELAIDE DRIVE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
clubhouse
outdoor swimming pool
fitness room
pickleball courts
tennis courts
bocce ball
shuffleboard
walking paths
dog park
central air conditioning
in-unit laundry
private patio
Building Details
Building Size
Year Built
Listing Agency:
Compass New Jersey, LLC - Moorestown
Listed By:
Naoji Moriuchi · License NJ #336501
(609) 781-0080
Source:
Patmckennarealtors
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 5:31PM
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 Compass New Jersey, LLC - Moorestown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ground-floor condominium in The Renaissance Club has two bedrooms and two bathrooms, with hardwood flooring across the main living areas. Sliding doors connect the living room to a private patio. The eat-in kitchen has stainless steel appliances and wood cabinetry, with access to the laundry room. Central air conditioning and one dedicated parking space are included; guest parking is also available. Built in 1986, the home is part of a 55+ community in Mount Laurel.
Community facilities include a clubhouse, outdoor pool, fitness room, pickleball and tennis courts, bocce ball, shuffleboard, walking paths, and a dog park. The HOA covers exterior maintenance, lawn care, and snow removal. Two shopping centers with ShopRite and Aldi are within a half mile, and CVS, Walgreens, and local restaurants are nearby.
Community facilities include a clubhouse, outdoor pool, fitness room, pickleball and tennis courts, bocce ball, shuffleboard, walking paths, and a dog park. The HOA covers exterior maintenance, lawn care, and snow removal. Two shopping centers with ShopRite and Aldi are within a half mile, and CVS, Walgreens, and local restaurants are nearby.
Key Highlights
- Two‑bedroom, two‑bath ground‑floor condominium
- Private patio accessed from the living room
- Central air conditioning, in‑unit laundry, and one dedicated parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,460
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,200
$289.2K
Cap Rate 7%
$206,571
$206.6K
Cap Rate 9%
$160,667
$160.7K
Market Conditions
NOI Build-Up for 1,104 SF
Gross rent
$27.8K $25.20/SF
− Vacancy
−$1.5K −$1.39/SF
EGI
$26.3K $23.81/SF
− OpEx
−$11.8K −$10.72/SF
NOI
$14.5K $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%
$289,200
Cap Rate 7%
$206,571
Cap Rate 9%
$160,667
Alternative Uses
Best Use
Apartment 5plus
$206.6K
$180.8K – $241.0K
NOI $14,460 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$235.8K
$206.4K – $275.2K
NOI $16,509 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
$341,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Burlington County, NJ
Properties on Market for Residential income properties in Burlington County
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath home includes a private patio, in-unit laundry, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 3633 ADELAIDE DRIVE Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath ground‑floor condominium; Private patio accessed from the living room; Central air conditioning, in‑unit laundry, and one dedicated parking space
