Top-Floor Residential Income
For Sale
$229,900
Pending
48 CRANBERRY COURT, Marlton, NJ 08053
The unit includes a private deck, in-unit laundry, and replacement windows and doors.
Property Size1,011 SF
Days on Market32
Property Features for 48 CRANBERRY COURT
General Information
Standard status
Pending
Size
1,011 SF
Property subtype
Penthouse Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,799
Building Details
Building Size
1,011 SF
Year Built
1988
Listing Agency:
EXP Realty, LLC
Listed By:
Nicholas Versaggi · License #1974133
(609) 668-9049
Source:
Patmckennarealtors
Added: Sep 25
Changed: Oct 25
Last Checked: Oct 25 at 2:32AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1988, this top-floor condo in Kings Grant has vinyl plank flooring and a rear deck beneath tree cover. The kitchen includes a pantry, ample cabinet and counter space, and a newer refrigerator. A full-size washer and dryer are located in the laundry room. The primary bedroom has generous closet space, and the bathroom includes a single vanity and a newer tub-and-shower enclosure. Replacement windows and doors are also in place.
Residents have access to a community pool, walking paths, and tennis courts. An elementary school is within walking distance of the unit.
Residents have access to a community pool, walking paths, and tennis courts. An elementary school is within walking distance of the unit.
Key Highlights
- Top‑floor condo with a deck shaded by trees
- Kitchen includes a pantry, newer refrigerator, and ample cabinet and counter space
- Full‑size washer and dryer in the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,267
Cap Rate
4.47%
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 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.3K
$224.3K – $299.1K
NOI $17,944 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
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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 - The unit includes a private deck, in-unit laundry, and replacement windows and doors.
Where is this residential income property located?
The property is located at 48 CRANBERRY COURT Marlton, 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: Top‑floor condo with a deck shaded by trees; Kitchen includes a pantry, newer refrigerator, and ample cabinet and counter space; Full‑size washer and dryer in the unit
