Second-Floor Residential Income
For Sale
$249,000
Pending
42 W BLUEBELL LANE, Mount Laurel, NJ 08054
The 2-bedroom condo includes kitchen appliances, a washer and dryer, and central air conditioning.
Property Size1,171 SF
Days on Market63
Property Features for 42 W BLUEBELL LANE
General Information
Standard status
Pending
Size
1,171 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,148
Amenities
community pool
Building Details
Building Size
1,171 SF
Year Built
1981
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Aug 27
Changed: Oct 27
Last Checked: Oct 27 at 3:38AM
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
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 second-floor condo contains 1,171 square feet, with 2 bedrooms and 1.5 bathrooms. The kitchen is equipped with a refrigerator, range, dishwasher, and garbage disposal; a washer and dryer are also included. Central air conditioning serves the unit. The property was built in 1981.
Residents have access to a community pool and maintained common areas in the Birchfield community in Mount Laurel, New Jersey. Shopping, restaurants, and major highways are cited as nearby amenities.
Residents have access to a community pool and maintained common areas in the Birchfield community in Mount Laurel, New Jersey. Shopping, restaurants, and major highways are cited as nearby amenities.
Key Highlights
- 1,171‑square‑foot, second‑floor condo
- 2 bedrooms and 1.5 bathrooms
- Refrigerator, range, dishwasher, and garbage disposal included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,337
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,740
$306.7K
Cap Rate 7%
$219,100
$219.1K
Cap Rate 9%
$170,411
$170.4K
Market Conditions
NOI Build-Up for 1,171 SF
Gross rent
$29.5K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.9K $23.81/SF
− OpEx
−$12.5K −$10.72/SF
NOI
$15.3K $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%
$306,740
Cap Rate 7%
$219,100
Cap Rate 9%
$170,411
Alternative Uses
Best Use
Apartment 5plus
$219.1K
$191.7K – $255.6K
NOI $15,337 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.45M
$2.14M – $2.86M
NOI $171,439 @ 7.0% cap · market cap 68.85%
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
228
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 - The 2-bedroom condo includes kitchen appliances, a washer and dryer, and central air conditioning.
Where is this residential income property located?
The property is located at 42 W BLUEBELL LANE Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,171‑square‑foot, second‑floor condo; 2 bedrooms and 1.5 bathrooms; Refrigerator, range, dishwasher, and garbage disposal included
