Residential Income Property with
New
For Sale
$275,000
63 CENTER LANE, Mount Laurel, NJ 08054
First-floor condo offers two bedrooms, two baths, a sunroom, and community access to a clubhouse and swimming pool.
Property Size1,146 SF
Days on Market4
Property Features for 63 CENTER LANE
General Information
Standard status
Active
Size
1,146 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,081
Amenities
clubhouse
swimming pool
Building Details
Building Size
1,146 SF
Year Built
1984
Listing Agency:
Real Broker, LLC
Listed By:
Sharon Woods · License #0234915
(215) 760-4581
Source:
Patmckennarealtors
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:46AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This first-floor condo has two bedrooms and two full baths arranged for single-level living. Recent interior work includes fresh paint and new carpeting. The kitchen features stainless steel appliances, extensive cabinetry, counter space, and a pass-through to the dining area. A sunroom adds another living area and has a walk-in storage closet; the laundry area also includes shelving and pantry storage. The primary bedroom has a private bath with a walk-in shower.
Parking is available, and community amenities include a clubhouse and swimming pool. ShopRite is across the street, with shopping, dining, and major highways also accessible from the property.
Parking is available, and community amenities include a clubhouse and swimming pool. ShopRite is across the street, with shopping, dining, and major highways also accessible from the property.
Key Highlights
- First‑floor condo with 2 bedrooms and 2 full baths
- Fresh interior paint and new carpeting
- Kitchen includes stainless steel appliances, extensive cabinetry, and a dining‑area pass‑through
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,010
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,200
$300.2K
Cap Rate 7%
$214,429
$214.4K
Cap Rate 9%
$166,778
$166.8K
Market Conditions
NOI Build-Up for 1,146 SF
Gross rent
$28.9K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.3K $23.81/SF
− OpEx
−$12.3K −$10.72/SF
NOI
$15.0K $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%
$300,200
Cap Rate 7%
$214,429
Cap Rate 9%
$166,778
Alternative Uses
Best Use
Apartment 5plus
$214.4K
$187.6K – $250.2K
NOI $15,010 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.40M
$2.10M – $2.80M
NOI $167,779 @ 7.0% cap · market cap 61.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 08054, NJ
44,633
Population
19,966
Households
2.2
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
21.7 sq mi
ZIP Area
2,057
Density / Sq Mi
$114,629
Median Household Income
$67,986
Median Earnings
$1,966
Median Rent
$341,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor condo offers two bedrooms, two baths, a sunroom, and community access to a clubhouse and swimming pool.
Where is this residential income property located?
The property is located at 63 CENTER LANE Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: First‑floor condo with 2 bedrooms and 2 full baths; Fresh interior paint and new carpeting; Kitchen includes stainless steel appliances, extensive cabinetry, and a dining‑area pass‑through
