Loft-Style Residential Income
602 THE WOODS, Cherry Hill, NJ 08003
For Sale
New
$279,999
Updated two-bedroom home with a private deck, an open main level, and a versatile upper loft.
Property Size1,092 SF
Days on Market4
Property Features for 602 THE WOODS
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
KW Empower
Listed By:
Mitchel Gendelman · License NJ RS354918
(215) 601-9445
Source:
Patmckennarealtors
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 12 at 2:41PM
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 KW Empower
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Investment Insights
Based on property information with market context.
Built in 1985, this two-bedroom condominium has an open main floor linking the living room, dining area, and kitchen. The primary bedroom has an en-suite bathroom, and a second bedroom sits near the full hall bath. Recent work includes new flooring, a refreshed kitchen, updated bathrooms, and interior paint. A loft overlooks the main living space, while a dedicated laundry room adds utility.
Outdoor and storage features include a private deck, an exterior storage closet, and one assigned parking space. The property is in Cherry Hill, near shopping, dining, parks, and major commuting routes. Association services cover common-area and exterior maintenance, lawn care, management, snow removal, trash, and water.
Outdoor and storage features include a private deck, an exterior storage closet, and one assigned parking space. The property is in Cherry Hill, near shopping, dining, parks, and major commuting routes. Association services cover common-area and exterior maintenance, lawn care, management, snow removal, trash, and water.
Key Highlights
- Two‑bedroom condominium with an open main‑level living, dining, and kitchen area
- Loft overlooking the main living space
- Primary bedroom with en‑suite bath, plus a second bedroom and full hall bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,090
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,800
$221.8K
Cap Rate 7%
$158,429
$158.4K
Cap Rate 9%
$123,222
$123.2K
Market Conditions
NOI Build-Up for 1,092 SF
Gross rent
$21.4K $19.56/SF
− Vacancy
−$1.2K −$1.10/SF
EGI
$20.2K $18.46/SF
− OpEx
−$9.1K −$8.31/SF
NOI
$11.1K $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%
$221,800
Cap Rate 7%
$158,429
Cap Rate 9%
$123,222
Alternative Uses
Best Use
Apartment 5plus
$158.4K
$138.6K – $184.8K
NOI $11,090 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$276.9K
$242.3K – $323.0K
NOI $19,382 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
Explore this area
Business Placement
Demographics for 08003, NJ
31,402
Population
12,049
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
2,855
Density / Sq Mi
$155,947
Median Household Income
$77,139
Median Earnings
$1,991
Median Rent
$418,000
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Camden County, NJ
Properties on Market for Residential income properties in Camden County
Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom home with a private deck, an open main level, and a versatile upper loft.
Where is this residential income property located?
The property is located at 602 THE WOODS Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $279,999.
What are key features of this property?
This property features: Two‑bedroom condominium with an open main‑level living, dining, and kitchen area; Loft overlooking the main living space; Primary bedroom with en‑suite bath, plus a second bedroom and full hall bath
