Residential Income Property with
New
For Sale
$195,000
40 KENWOOD DRIVE, Sicklerville, NJ 08081
A two-bedroom, one-bath condo offers updated interior finishes and convenient access to Route 42 and the Atlantic City Expressway.
Property Size1,012 SF
Days on Market4
Property Features for 40 KENWOOD DRIVE
General Information
Standard status
Active
Size
1,012 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Building Details
Building Size
1,012 SF
Year Built
1990
Listing Agency:
Real Broker, LLC
Listed By:
Leonard J Antonelli
(856) 651-7937
Source:
Patciervo.kw
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 2:33PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 1990-built condo has two bedrooms, one bathroom, and more than 1,000 square feet of living area. Sliding glass doors bring daylight into the unit and open onto a patio. Interior features include plank vinyl flooring, high-hat lighting, a tiled bathroom, and stainless steel appliances; the HVAC system was updated in 2019.
The property is minutes from Route 42 and the Atlantic City Expressway, between Philadelphia and Atlantic City. Dining and shopping are nearby. Purchases require conventional financing; FHA financing is not accepted due to the HOA.
The property is minutes from Route 42 and the Atlantic City Expressway, between Philadelphia and Atlantic City. Dining and shopping are nearby. Purchases require conventional financing; FHA financing is not accepted due to the HOA.
Key Highlights
- Two‑bedroom, one‑bath condo with more than 1,000 square feet
- Patio accessed through sliding glass doors
- HVAC updated in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,277
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,540
$205.5K
Cap Rate 7%
$146,814
$146.8K
Cap Rate 9%
$114,189
$114.2K
Market Conditions
NOI Build-Up for 1,012 SF
Gross rent
$19.8K $19.56/SF
− Vacancy
−$1.1K −$1.10/SF
EGI
$18.7K $18.46/SF
− OpEx
−$8.4K −$8.31/SF
NOI
$10.3K $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%
$205,540
Cap Rate 7%
$146,814
Cap Rate 9%
$114,189
Alternative Uses
Best Use
Apartment 5plus
$146.8K
$128.5K – $171.3K
NOI $10,277 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.6K
$224.5K – $299.4K
NOI $17,962 @ 7.0% cap · market cap 9.21%
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
86
Businesses Nearby
Explore this area
Business Placement
Demographics for 08081, NJ
50,601
Population
18,361
Households
2.8
Avg Household Size
39
Median Age
35%
College-Educated
94%
High-School Grad
25.2 sq mi
ZIP Area
2,008
Density / Sq Mi
$102,924
Median Household Income
$51,734
Median Earnings
$1,551
Median Rent
$262,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom, one-bath condo offers updated interior finishes and convenient access to Route 42 and the Atlantic City Expressway.
Where is this residential income property located?
The property is located at 40 KENWOOD DRIVE Sicklerville, NJ.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condo with more than 1,000 square feet; Patio accessed through sliding glass doors; HVAC updated in 2019
