Renovated Residential Income
For Sale
$239,900
448 DURHAM COURT, West Deptford, NJ 08051
Second-floor condominium with updated interiors, private deck, assigned parking, and access to community pool and tennis courts.
Property Size1,031 SF
Days on Market8
Property Features for 448 DURHAM COURT
General Information
Standard status
Active
Size
1,031 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,942
Amenities
pool
tennis courts
dog park
deck
fireplace
basement storage
Building Details
Building Size
1,031 SF
Year Built
1984
Listing Agency:
BHHS Fox & Roach-Mullica Hill South
(609) 221-4961
Listed By:
Ronald A Bruce Jr. · License #8541117
(609) 221-4961
Source:
Patmckennarealtors
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 5 at 4:21AM
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 BHHS Fox & Roach-Mullica Hill South
Investment Insights
Based on property information with market context.
This second-floor residential income property is a renovated two-bedroom, two-bath condominium in Country Creek Condominiums. The open-concept living, dining, and kitchen areas feature vaulted ceilings, luxury vinyl plank flooring, updated lighting, a ceiling fan, and a wood-burning fireplace. The kitchen includes raised-panel cabinetry, Corian countertops, newer appliances, and a breakfast bar. A 6 x 3 laundry closet contains a newer stackable washer and dryer with built-in shelving. The primary suite offers a walk-in closet and private bath renovated in 2025, while the second bedroom includes a double closet. Additional improvements include vinyl replacement windows and a sliding glass door installed in 2021, gas HVAC from 2022, interior painting and carpeting completed in 2023, a gas hot water heater installed in 2024, and custom window blinds added in 2025.
A private second-floor deck overlooks open space and the pool area. Country Creek amenities include a lifeguarded in-ground pool, tennis courts, maintained grounds, and a fenced dog park. The building received a new roof and gutters in 2023, and the unit includes assigned parking plus private secured basement storage.
A private second-floor deck overlooks open space and the pool area. Country Creek amenities include a lifeguarded in-ground pool, tennis courts, maintained grounds, and a fenced dog park. The building received a new roof and gutters in 2023, and the unit includes assigned parking plus private secured basement storage.
Key Highlights
- Renovated 2‑bedroom, 2‑bath second‑floor condominium
- Private second‑floor deck overlooking open space and the pool area
- Kitchen with Corian countertops, newer appliances, raised‑panel cabinetry, and breakfast bar
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.3k | $22.56 |
| − Vacancy | −$1.3k | −$1.31 |
| EGI | $21.9k | $21.25 |
| − OpEx | −$9.9k | −$9.56 |
| NOI | $12.1k | $11.69 |
1,031 SF · lease $22.56/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$172.2K
$150.6K – $200.9K
NOI $12,051 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.6K
$303.2K – $404.3K
NOI $24,259 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 08051, NJ
10,644
Population
4,602
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,801
Density / Sq Mi
$97,452
Median Household Income
$57,900
Median Earnings
$1,691
Median Rent
$249,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condominium with updated interiors, private deck, assigned parking, and access to community pool and tennis courts.
Where is this residential income property located?
The property is located at 448 DURHAM COURT West Deptford, NJ.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Renovated 2‑bedroom, 2‑bath second‑floor condominium; Private second‑floor deck overlooking open space and the pool area; Kitchen with Corian countertops, newer appliances, raised‑panel cabinetry, and breakfast bar
