Updated Residential Income
For Sale
$225,000
515 SHETLAND COURT, Sewell, NJ 08080
Condominium with renovated interiors, private patio access, and shared recreational amenities.
Property Size752 SF
Days on Market52
Property Features for 515 SHETLAND COURT
General Information
Standard status
Active
Size
752 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,131
Amenities
in-ground swimming pool
basketball courts
pickleball courts
playground area
private patio
laundry area
Building Details
Building Size
752 SF
Year Built
1985
Listing Agency:
BHHS Fox & Roach-Washington-Gloucester
Listed By:
Geraldine Monti · License #790793
(609) 206-3051
Source:
Patmckennarealtors
Added: Aug 28
Changed: Oct 17
Last Checked: Oct 16 at 5:27PM
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 BHHS Fox & Roach-Washington-Gloucester
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This condominium, built in 1985, combines updated interior finishes with a spacious open layout. The kitchen includes granite countertops, stainless steel appliances, and an oversized sink. Wide-plank luxury vinyl flooring extends through the living and dining areas, while sliding glass doors connect the living room to a private patio. The residence also features a generous bedroom, a remodeled bathroom, and an integrated laundry area.
Community amenities include an in-ground swimming pool, basketball courts, pickleball courts, and a playground. The property is located near shopping, restaurants, and major highways, with access toward Metro Philadelphia and the Jersey Shore.
Community amenities include an in-ground swimming pool, basketball courts, pickleball courts, and a playground. The property is located near shopping, restaurants, and major highways, with access toward Metro Philadelphia and the Jersey Shore.
Key Highlights
- Updated condominium with open living and dining areas
- Kitchen includes granite countertops, stainless steel appliances, and an oversized sink
- Private patio accessible through living room sliding glass doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,790
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$175,800
$175.8K
Cap Rate 7%
$125,571
$125.6K
Cap Rate 9%
$97,667
$97.7K
Market Conditions
NOI Build-Up for 752 SF
Gross rent
$17.0K $22.56/SF
− Vacancy
−$984 −$1.31/SF
EGI
$16.0K $21.25/SF
− OpEx
−$7.2K −$9.56/SF
NOI
$8.8K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$175,800
Cap Rate 7%
$125,571
Cap Rate 9%
$97,667
Alternative Uses
Best Use
Apartment 5plus
$125.6K
$109.9K – $146.5K
NOI $8,790 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.8K
$221.2K – $294.9K
NOI $17,694 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 08080, NJ
37,942
Population
14,746
Households
2.6
Avg Household Size
43
Median Age
44%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
1,299
Density / Sq Mi
$119,919
Median Household Income
$61,474
Median Earnings
$1,674
Median Rent
$330,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium with renovated interiors, private patio access, and shared recreational amenities.
Where is this residential income property located?
The property is located at 515 SHETLAND COURT Sewell, NJ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Updated condominium with open living and dining areas; Kitchen includes granite countertops, stainless steel appliances, and an oversized sink; Private patio accessible through living room sliding glass doors
