Ground-Level Residential Income
45 BRIDGEWATER DRIVE, Marlton, NJ 08053
For Sale
$228,000
Pending
The end-unit condo has two bedrooms, a private rear patio, and direct access without stairs.
Property Size788 SF
Days on Market49
Property Features for 45 BRIDGEWATER DRIVE
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
tennis courts
basketball courts
volleyball courts
community pool
scenic trails
community beach
in-unit laundry
private patio
storage closet
Building Details
Building Size
Year Built
Listing Agency:
Compass New Jersey, LLC - Moorestown
Listed By:
Jennifer Lynn Probst
(609) 504-5538
Source:
Brucerealty
Added: Sep 22
Changed: Oct 31
Last Checked: Nov 8 at 12:05PM
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
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Investment Insights
Based on property information with market context.
This ground-floor, end-unit condo contains 788 square feet, with two bedrooms and one full bathroom. The living and dining areas have laminate flooring, while the kitchen includes tile floors, a tile backsplash, stainless steel appliances, a pantry closet, and a breakfast bar. A walk-in closet is located in the primary bedroom, which opens through sliding doors to a private rear patio with an additional storage closet. The home also has in-unit laundry with a washer and dryer. Built in 1988, the unit is accessed without stairs.
Community amenities include a pool, tennis, basketball, and volleyball courts, as well as a beach and trails. The patio borders wooded land, and Black Run Preserve is nearby. Shopping centers and dining options are described as minutes away.
Community amenities include a pool, tennis, basketball, and volleyball courts, as well as a beach and trails. The patio borders wooded land, and Black Run Preserve is nearby. Shopping centers and dining options are described as minutes away.
Key Highlights
- 788‑square‑foot end‑unit condo with two bedrooms and one full bathroom
- Ground‑level access with no stairs
- Private rear patio borders wooded land and includes a storage closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,003
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,060
$160.1K
Cap Rate 7%
$114,329
$114.3K
Cap Rate 9%
$88,922
$88.9K
Market Conditions
NOI Build-Up for 788 SF
Gross rent
$15.4K $19.56/SF
− Vacancy
−$863 −$1.10/SF
EGI
$14.6K $18.46/SF
− OpEx
−$6.5K −$8.31/SF
NOI
$8.0K $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%
$160,060
Cap Rate 7%
$114,329
Cap Rate 9%
$88,922
Alternative Uses
Best Use
Apartment 5plus
$114.3K
$100.0K – $133.4K
NOI $8,003 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$199.8K
$174.8K – $233.1K
NOI $13,986 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
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Business Placement
Demographics for 08053, NJ
46,826
Population
20,090
Households
2.3
Avg Household Size
43
Median Age
53%
College-Educated
98%
High-School Grad
29.2 sq mi
ZIP Area
1,604
Density / Sq Mi
$116,745
Median Household Income
$67,439
Median Earnings
$1,939
Median Rent
$368,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Camden County, NJ
Properties on Market for Residential income properties in Camden County
Frequently Asked Questions
What type of property is this?
Residential income property - The end-unit condo has two bedrooms, a private rear patio, and direct access without stairs.
Where is this residential income property located?
The property is located at 45 BRIDGEWATER DRIVE Marlton, NJ.
What is the asking price?
The asking price for this property is $228,000.
What are key features of this property?
This property features: 788‑square‑foot end‑unit condo with two bedrooms and one full bathroom; Ground‑level access with no stairs; Private rear patio borders wooded land and includes a storage closet
