Ground-Floor Residential Income
For Sale
$169,980
40 TANSBORO ROAD Unit 6C, Berlin, NJ 08009
Vacant condominium unit offers low-maintenance occupancy with direct ground-level access.
Property Size727 SF
Days on Market118
Property Features for 40 TANSBORO ROAD Unit 6C
General Information
Standard status
Active
Size
727 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,642
Building Details
Building Size
727 SF
Year Built
1976
Listing Agency:
Opus Elite Real Estate of NJ, LLC
Listed By:
Valerie H Earley · License #9804714
(609) 254-4400
Source:
Brucerealty
Added: Jun 27
Changed: Oct 21
Last Checked: Oct 21 at 5:09AM
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 Opus Elite Real Estate of NJ, LLC
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 residential income property is a ground-floor condominium unit with one bedroom and one bathroom. The layout eliminates stair access, and the unit is vacant for a straightforward transition. A Certificate of Occupancy from Berlin is already in place. Constructed in 1976, the property is positioned for owner occupancy or rental use, as supported by its residential income classification.
The address provides access to White Horse Pike, local bus stops, the PATCO high-speed line, and Route 295. The property is in Berlin Borough and offers a compact residential format suited to buyers seeking an accessible unit or an addition to a rental portfolio.
The address provides access to White Horse Pike, local bus stops, the PATCO high-speed line, and Route 295. The property is in Berlin Borough and offers a compact residential format suited to buyers seeking an accessible unit or an addition to a rental portfolio.
Key Highlights
- 1 bedroom, 1 bathroom ground‑floor condominium unit
- No stairs required for access
- Vacant and ready for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,383
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$147,660
$147.7K
Cap Rate 7%
$105,471
$105.5K
Cap Rate 9%
$82,033
$82.0K
Market Conditions
NOI Build-Up for 727 SF
Gross rent
$14.2K $19.56/SF
− Vacancy
−$796 −$1.10/SF
EGI
$13.4K $18.46/SF
− OpEx
−$6.0K −$8.31/SF
NOI
$7.4K $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%
$147,660
Cap Rate 7%
$105,471
Cap Rate 9%
$82,033
Alternative Uses
Best Use
Apartment 5plus
$105.5K
$92.3K – $123.1K
NOI $7,383 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$184.3K
$161.3K – $215.1K
NOI $12,903 @ 7.0% cap · market cap 7.59%
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
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 08009, NJ
13,885
Population
5,764
Households
2.4
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
16.5 sq mi
ZIP Area
842
Density / Sq Mi
$101,964
Median Household Income
$52,767
Median Earnings
$1,392
Median Rent
$291,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Vacant condominium unit offers low-maintenance occupancy with direct ground-level access.
Where is this residential income property located?
The property is located at 40 TANSBORO ROAD Unit 6C Berlin, NJ.
What is the asking price?
The asking price for this property is $169,980.
What are key features of this property?
This property features: 1 bedroom, 1 bathroom ground‑floor condominium unit; No stairs required for access; Vacant and ready for occupancy
