Two-Bedroom Residential Income
6031 MAIN, Voorhees, NJ 08043
For Sale
$264,900
A third-floor residence includes a gas fireplace, patio access, and a kitchen with granite counters and stainless steel appliances.
Property Size1,615 SF
Price / SF$164.02
Days on Market51
Property Features for 6031 MAIN
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
EXP Realty, LLC
Listed By:
Robert S Grace · License NJ #9693078
(856) 983-0704
Source:
Patmckennarealtors
Added: Sep 21
Changed: Nov 7
Last Checked: Nov 8 at 1:28PM
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 2-bedroom, 2-bathroom condominium offers 1,615 square feet on the third floor of a building constructed in 2000. The kitchen includes granite countertops, stainless steel appliances, a wine refrigerator, and a pantry. In the living room, a gas fireplace is finished with handmade tile, and double sliding doors open to the back patio.
The primary bedroom has a walk-in closet and an en-suite bathroom with a jacuzzi tub, tiled walk-in shower, and double sink. The second bedroom has access to the hall bathroom. A stackable washer and dryer are located in the laundry room. The property is at 6031 Main in Voorhees, New Jersey.
The primary bedroom has a walk-in closet and an en-suite bathroom with a jacuzzi tub, tiled walk-in shower, and double sink. The second bedroom has access to the hall bathroom. A stackable washer and dryer are located in the laundry room. The property is at 6031 Main in Voorhees, New Jersey.
Key Highlights
- 2 bedrooms and 2 bathrooms
- 1,615 square feet on the third floor
- Built in 2000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,401
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,020
$328.0K
Cap Rate 7%
$234,300
$234.3K
Cap Rate 9%
$182,233
$182.2K
Market Conditions
NOI Build-Up for 1,615 SF
Gross rent
$31.6K $19.56/SF
− Vacancy
−$1.8K −$1.10/SF
EGI
$29.8K $18.46/SF
− OpEx
−$13.4K −$8.31/SF
NOI
$16.4K $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%
$328,020
Cap Rate 7%
$234,300
Cap Rate 9%
$182,233
Alternative Uses
Best Use
Apartment 5plus
$234.3K
$205.0K – $273.4K
NOI $16,401 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$409.5K
$358.3K – $477.7K
NOI $28,664 @ 7.0% cap · market cap 10.82%
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
193
Businesses Nearby
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Business Placement
Demographics for 08043, NJ
31,069
Population
12,688
Households
2.4
Avg Household Size
43
Median Age
60%
College-Educated
96%
High-School Grad
11.5 sq mi
ZIP Area
2,702
Density / Sq Mi
$112,606
Median Household Income
$65,078
Median Earnings
$1,718
Median Rent
$390,600
Median Home Value
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Market
Average Price Trend$/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 - A third-floor residence includes a gas fireplace, patio access, and a kitchen with granite counters and stainless steel appliances.
Where is this residential income property located?
The property is located at 6031 MAIN Voorhees, NJ.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: 2 bedrooms and 2 bathrooms; 1,615 square feet on the third floor; Built in 2000
