Updated Residential Income
For Sale
$259,900
47 SWEETFERN COURT, Marlton, NJ 08053
Renovated in 2022, the condo includes a private deck and updated kitchen and bathrooms.
Property Size1,011 SF
Days on Market8
Property Features for 47 SWEETFERN COURT
General Information
Standard status
Active
Size
1,011 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,872
Building Details
Building Size
1,011 SF
Year Built
1986
Year Renovated
2022
Listing Agency:
Impact Realty Group LLC
Listed By:
Timothy Dorety Jr.
(856) 938-6353
Source:
Brucerealty
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 23 at 4:24PM
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 Impact Realty Group LLC
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bathroom condo in Kings Grant was renovated in 2022. The kitchen has white shaker cabinets, granite countertops, a breakfast bar, an electric oven, and a new refrigerator. A laundry room is also included. Engineered hardwood flooring runs throughout the unit, and both bathrooms have been updated. The primary bedroom has a private full bathroom, a walk-in closet, and a new shower.
Outdoor space is provided by a deck that was replaced in 2022. A new water heater is another property update. The condo was built in 1986.
Outdoor space is provided by a deck that was replaced in 2022. A new water heater is another property update. The condo was built in 1986.
Key Highlights
- Two bedrooms and two bathrooms
- Renovation completed in 2022
- Kitchen with white shaker cabinets, granite countertops, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,267
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,340
$205.3K
Cap Rate 7%
$146,671
$146.7K
Cap Rate 9%
$114,078
$114.1K
Market Conditions
NOI Build-Up for 1,011 SF
Gross rent
$19.8K $19.56/SF
− Vacancy
−$1.1K −$1.10/SF
EGI
$18.7K $18.46/SF
− OpEx
−$8.4K −$8.31/SF
NOI
$10.3K $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%
$205,340
Cap Rate 7%
$146,671
Cap Rate 9%
$114,078
Alternative Uses
Best Use
Apartment 5plus
$146.7K
$128.3K – $171.1K
NOI $10,267 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.3K
$224.3K – $299.1K
NOI $17,944 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated in 2022, the condo includes a private deck and updated kitchen and bathrooms.
Where is this residential income property located?
The property is located at 47 SWEETFERN COURT Marlton, NJ.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Renovation completed in 2022; Kitchen with white shaker cabinets, granite countertops, and breakfast bar
