Residential Income Property with Pool
For Sale
$219,900
555 SHETLAND COURT, Sewell, NJ 08080
Freshly painted condo in Hunt Club with an open layout and access to shared recreational amenities.
Property Size752 SF
Days on Market52
Property Features for 555 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
$4,053
Amenities
pool
tennis courts
basketball court
play area
Building Details
Building Size
752 SF
Year Built
1985
Listing Agency:
Tesla Realty Group LLC
Listed By:
Antoine B Williams · License #337484
(609) 820-6050
Source:
Patmckennarealtors
Added: Sep 1
Changed: Oct 21
Last Checked: Oct 21 at 4:21AM
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 Tesla Realty Group LLC
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Investment Insights
Based on property information with market context.
This residential income property is a condo in Hunt Club, built in 1985 and recently refreshed with new paint. The interior features an open floor plan along with a rear storage closet, providing practical everyday functionality within the residence.
Hunt Club includes a pool, tennis courts, basketball court, and play area. The property is near Rt 55, with connections to Rt 42 and 295, and is located at 555 Shetland Court in Sewell, New Jersey.
Hunt Club includes a pool, tennis courts, basketball court, and play area. The property is near Rt 55, with connections to Rt 42 and 295, and is located at 555 Shetland Court in Sewell, New Jersey.
Key Highlights
- Condo in Hunt Club with an open floor plan
- Freshly painted interior
- Rear storage closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,790
Cap Rate
4.00%
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 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.8K
$221.2K – $294.9K
NOI $17,694 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Freshly painted condo in Hunt Club with an open layout and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 555 SHETLAND COURT Sewell, NJ.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Condo in Hunt Club with an open floor plan; Freshly painted interior; Rear storage closet
