Second-Floor Residential Income
56 FOXGLOVE DRIVE, Delran, NJ 08075
For Sale
$225,000
A private deck, assigned parking, and association-managed exterior services add practical convenience.
Property Size1,008 SF
Price / SF$223.21
Days on Market11
Property Features for 56 FOXGLOVE DRIVE
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private deck
secure storage
Building Details
Building Size
Year Built
Listing Agency:
EXP Realty, LLC
Listed By:
Sharif Hatab · License #788982
(609) 757-9883
Source:
Patmckennarealtors
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 8 at 3:40PM
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.
This 1,008-square-foot residential income property is a second-floor end unit with a traditional floor plan, recessed lighting, and carpeted rooms. The kitchen includes a refrigerator, microwave, and electric oven/range. A private deck and secure storage add usable features, while the corner-lot position is noted as providing added privacy and natural light.
Built in 1997, the unit has assigned parking. The association fee covers lawn maintenance, trash removal, and snow removal.
Built in 1997, the unit has assigned parking. The association fee covers lawn maintenance, trash removal, and snow removal.
Key Highlights
- 1,008 square feet of interior space
- Second‑floor end unit on a corner lot
- Private deck and secure storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,202
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,040
$264.0K
Cap Rate 7%
$188,600
$188.6K
Cap Rate 9%
$146,689
$146.7K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$25.4K $25.20/SF
− Vacancy
−$1.4K −$1.39/SF
EGI
$24.0K $23.81/SF
− OpEx
−$10.8K −$10.72/SF
NOI
$13.2K $13.10/SF
Area
Burlington County, NJ
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,040
Cap Rate 7%
$188,600
Cap Rate 9%
$146,689
Alternative Uses
Best Use
Apartment 5plus
$188.6K
$165.0K – $220.0K
NOI $13,202 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.11M
$1.84M – $2.46M
NOI $147,575 @ 7.0% cap · market cap 65.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
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Business Placement
Demographics for 08075, NJ
30,327
Population
12,092
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
9.9 sq mi
ZIP Area
3,063
Density / Sq Mi
$94,576
Median Household Income
$47,979
Median Earnings
$1,427
Median Rent
$288,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Burlington County, NJ
Properties on Market for Residential income properties in Burlington County
Frequently Asked Questions
What type of property is this?
Residential income property - A private deck, assigned parking, and association-managed exterior services add practical convenience.
Where is this residential income property located?
The property is located at 56 FOXGLOVE DRIVE Delran, 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: 1,008 square feet of interior space; Second‑floor end unit on a corner lot; Private deck and secure storage
