First-Floor End Unit in Retirement
For Sale
$229,900
4503 ADELAIDE DRIVE, Mount Laurel, NJ 08054
First-floor end unit in a Renaissance 55+ community with patio, shed, and newer heating and air.
Days on Market37
Property Features for 4503 ADELAIDE DRIVE
General Information
Standard status
Active
Property subtype
Unit/Flat/Apartment
Building Details
Building Size
880 SF
Year Built
1988
Listing Agency:
RE/MAX Of Cherry Hill
(609) 510-1200
Listed By:
Patricia A Fiume · License #8633909
(609) 510-1200
Source:
Patmckennarealtors
Added: Jun 24
Changed: Jul 30
Last Checked: Jul 30 at 11:20AM
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 RE/MAX Of Cherry Hill
Investment Insights
Based on property information with market context.
This first-floor end unit in the Renaissance 55+ community features an eat-in kitchen, dining room, and spacious living room with sliding doors leading to the patio and shed. The laundry/utility room includes a stackable washer and dryer. Comfort updates include a newer heating and air conditioning system. The home offers a large primary suite with an expansive walk-in closet, a second bedroom with ample closet space, and a well-sized hall bathroom. Convenient parking is available right by the sidewalk.
Located at 4503 Adelaide Drive in Mount Laurel, NJ, the residence is part of a well-established 55+ community.
Built in 1988, this layout supports comfortable single-level living with direct access from the living area to outdoor space via the sliding doors.
Located at 4503 Adelaide Drive in Mount Laurel, NJ, the residence is part of a well-established 55+ community.
Built in 1988, this layout supports comfortable single-level living with direct access from the living area to outdoor space via the sliding doors.
Key Highlights
- First‑floor end unit in the Renaissance 55+ community
- Sliding doors from living room to patio and shed
- Stackable washer and dryer in the laundry/utility room
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 | $22.2k | $25.20 |
| − Vacancy | −$1.2k | −$1.39 |
| EGI | $21.0k | $23.81 |
| − OpEx | −$9.4k | −$10.72 |
| NOI | $11.5k | $13.10 |
880 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$164.7K
$144.1K – $192.1K
NOI $11,526 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.84M
$1.61M – $2.15M
NOI $128,835 @ 7.0% cap · market cap 56.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Under-served
Demand for This Use
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
Questions? Ask Rey
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Similar Off Market Nearby
- Amada Senior Care — 3223 NJ-38 #202, Mt Laurel Township, NJ 08054
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - First-floor end unit in a Renaissance 55+ community with patio, shed, and newer heating and air.
Where is this senior housing / retirement home located?
The property is located at 4503 ADELAIDE DRIVE Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: First‑floor end unit in the Renaissance 55+ community; Sliding doors from living room to patio and shed; Stackable washer and dryer in the laundry/utility room
