Two-Bedroom Residential Income
For Sale
$199,900
60 BANNER COURT, Marlton, NJ 08053
The condominium has a connected living and dining area, in-unit laundry, and a sliding glass door to the outdoor area.
Property Size904 SF
Price / SF$221.13
Days on Market8
Property Features for 60 BANNER COURT
General Information
Standard status
Active
Size
904 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,938
Amenities
in-unit laundry
Building Details
Building Size
904 SF
Year Built
1974
Listing Agency:
Ai Brokers LLC
Listed By:
Kimberlee Anne McClellan · License #RM425459
(800) 933-1991
Source:
Patmckennarealtors
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 3 at 11:23AM
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 Ai Brokers LLC
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Investment Insights
Based on property information with market context.
This 1974 condominium offers 904 square feet with two bedrooms and one full bathroom. The living and dining areas connect, alongside a kitchen area. The bathroom includes a tub and shower combination, vanity, and mirrored medicine cabinet; an in-unit laundry area is also present. A rear sliding glass door opens toward the outdoor area.
The property is in Marlton, with schools, parks, healthcare facilities, shopping, and dining available in the surrounding area. The condominium is being sold as is, where is. The buyer is responsible for inspections, CO, and certifications.
The property is in Marlton, with schools, parks, healthcare facilities, shopping, and dining available in the surrounding area. The condominium is being sold as is, where is. The buyer is responsible for inspections, CO, and certifications.
Key Highlights
- 904 square feet with 2 bedrooms and 1 full bathroom
- Built in 1974
- Connected living and dining areas with a kitchen area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,181
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,620
$183.6K
Cap Rate 7%
$131,157
$131.2K
Cap Rate 9%
$102,011
$102.0K
Market Conditions
NOI Build-Up for 904 SF
Gross rent
$17.7K $19.56/SF
− Vacancy
−$990 −$1.10/SF
EGI
$16.7K $18.46/SF
− OpEx
−$7.5K −$8.31/SF
NOI
$9.2K $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%
$183,620
Cap Rate 7%
$131,157
Cap Rate 9%
$102,011
Alternative Uses
Best Use
Apartment 5plus
$131.2K
$114.8K – $153.0K
NOI $9,181 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$229.2K
$200.6K – $267.4K
NOI $16,045 @ 7.0% cap · market cap 8.03%
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
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 condominium has a connected living and dining area, in-unit laundry, and a sliding glass door to the outdoor area.
Where is this residential income property located?
The property is located at 60 BANNER COURT Marlton, NJ.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 904 square feet with 2 bedrooms and 1 full bathroom; Built in 1974; Connected living and dining areas with a kitchen area
