Move-In Ready Condo with
4603 FRADSWELL COURT #A Mount Laurel, NJ 08054
New
For Sale
$275,000
Updated 1st-floor condo features a private back patio and a wooded rear backdrop.
Property Size1,080 SF
Price / SF$254.63
Days on Market7
Property Features for 4603 FRADSWELL COURT #A
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Apartment
Building Details
Year Built
1987
Listing Agency:
Real Broker, LLC
(856) 237-6589
Listed By:
Nicholas Raymond Del Bono · License #1972558
(856) 237-6589
Source:
Cummingsrealtors
Added: Jul 23
Changed: Jul 27
Last Checked: Jul 29 at 5:46AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
An updated, move-in ready 1st-floor condo at The Lakes at Larchmont offering a private back patio and a rear setting that backs to woods. The interior includes laminate floors and clean, updated living spaces, with granite countertops and updated bathrooms. Kitchen appliances are stainless steel and described as less than 1 year old, and additional appliance details note 2025 replacements. Recent improvements include an HVAC system dated 2024 and a water heater dated 2024.
The home is located at 4603 Fradswell Court #A in Mount Laurel, NJ 08054. The rear-yard privacy is a highlighted feature, with the unit directly backing to wooded areas.
The seller notes the home is ready for occupancy, with closing contingent upon the seller finding suitable housing.
The home is located at 4603 Fradswell Court #A in Mount Laurel, NJ 08054. The rear-yard privacy is a highlighted feature, with the unit directly backing to wooded areas.
The seller notes the home is ready for occupancy, with closing contingent upon the seller finding suitable housing.
Key Highlights
- Updated 1st‑floor condo in The Lakes at Larchmont with a private back patio and wooded rear backdrop
- Stainless steel appliances less than 1 year old, with appliances updated in 2025
- Granite counters and updated bathrooms
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 | $27.2k | $25.20 |
| − Vacancy | −$1.5k | −$1.39 |
| EGI | $25.7k | $23.81 |
| − OpEx | −$11.6k | −$10.72 |
| NOI | $14.1k | $13.10 |
1,080 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$202.1K
$176.8K – $235.8K
NOI $14,146 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.26M
$1.98M – $2.64M
NOI $158,116 @ 7.0% cap · market cap 57.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Updated 1st-floor condo features a private back patio and a wooded rear backdrop.
Where is this residential income property located?
The property is located at 4603 FRADSWELL COURT #A Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Updated 1st‑floor condo in The Lakes at Larchmont with a private back patio and wooded rear backdrop; Stainless steel appliances less than 1 year old, with appliances updated in 2025; Granite counters and updated bathrooms
