Two-Bedroom Condominium with
6044 MAIN STREET, Voorhees, NJ 08043
For Sale
$225,000
The residence includes a gas fireplace, private storage, and garage parking.
Property Size1,615 SF
Price / SF$139.32
Days on Market119
Property Features for 6044 MAIN STREET
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Hardwood floors
Spacious eat-in kitchen
Upgraded countertops
Master suite with a walk-in closet
Master bathroom with jacuzzi
Individual shower stall
Corner gas fireplace
Large balcony
Storage area
Garage parking
Building Details
Building Size
Year Built
Listing Agency:
Cityside Management Corp
Listed By:
Michael Kipnis · License #9234863
(856) 465-6887
Source:
Desantis-realestate
Added: Jul 14
Changed: Nov 7
Last Checked: Nov 8 at 4:52PM
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 Cityside Management Corp
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Investment Insights
Based on property information with market context.
This 1993 condominium offers 1,615 square feet with two bedrooms and two bathrooms. Interior features include hardwood flooring, an eat-in kitchen with upgraded countertops, and a corner gas fireplace. The primary suite has a walk-in closet and a bathroom with a jacuzzi and separate shower. A balcony, dedicated storage area, and garage parking are also included.
Key Highlights
- 1,615‑square‑foot condominium with two bedrooms and two bathrooms
- 1993 construction
- Hardwood floors and eat‑in kitchen with upgraded countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,401
Cap Rate
7.29%
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 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$409.5K
$358.3K – $477.7K
NOI $28,664 @ 7.0% cap · market cap 12.74%
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 - The residence includes a gas fireplace, private storage, and garage parking.
Where is this residential income property located?
The property is located at 6044 MAIN STREET Voorhees, 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: 1,615‑square‑foot condominium with two bedrooms and two bathrooms; 1993 construction; Hardwood floors and eat‑in kitchen with upgraded countertops
