Residential Income Unit with
63 HOLLY COURT, Hamilton, NJ 08619
For Sale
$312,000
Updated two-bedroom unit with separate dining space and access to shared recreation amenities.
Property Size1,100 SF
Price / SF$283.64
Days on Market41
Property Features for 63 HOLLY COURT
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
pool
dog run
walking path
playground
Building Details
Year Built
Listing Agency:
BHHS Fox & Roach - Robbinsville
(609) 890-3300
Listed By:
Dale Michele M Parello · License NJ #9333237
(609) 571-6644
Source:
Cummingsrealtors
Added: Oct 5
Changed: Nov 12
Last Checked: Nov 12 at 7:45AM
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 BHHS Fox & Roach - Robbinsville
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Investment Insights
Based on property information with market context.
This 1,100-square-foot residential unit was built in 1985 and has two bedrooms, two bathrooms, a separate dining room, and a balcony off the living room. Recent interior work includes fresh paint, renovated bathrooms, an updated eat-in kitchen, and vinyl flooring in the main living area and hallway. The home also has replacement windows, a gas range, a gas water heater, and recently installed gas heating and air conditioning. The primary bedroom includes a walk-in closet; the second bedroom has two double closets.
Shared community amenities include a pool, playground, dog run, and walking path. Veterans Park, the Hamilton Train Station, shopping, restaurants, Robert Wood Johnson University Hospital, and major roadways are also noted in the property information.
Shared community amenities include a pool, playground, dog run, and walking path. Veterans Park, the Hamilton Train Station, shopping, restaurants, Robert Wood Johnson University Hospital, and major roadways are also noted in the property information.
Key Highlights
- 1,100‑square‑foot unit built in 1985
- Two bedrooms, two bathrooms, separate dining room, and balcony
- Gas heater and air conditioner installed this summer; newer gas hot water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,789
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,780
$335.8K
Cap Rate 7%
$239,843
$239.8K
Cap Rate 9%
$186,544
$186.5K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$33.0K $30.00/SF
− Vacancy
−$2.5K −$2.25/SF
EGI
$30.5K $27.75/SF
− OpEx
−$13.7K −$12.49/SF
NOI
$16.8K $15.26/SF
Area
Mercer County, NJ
Vacancy
7.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,780
Cap Rate 7%
$239,843
Cap Rate 9%
$186,544
Alternative Uses
Best Use
Apartment 5plus
$239.8K
$209.9K – $279.8K
NOI $16,789 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$353.9K
$309.7K – $412.9K
NOI $24,774 @ 7.0% cap · market cap 7.94%
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
829
Businesses Nearby
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Business Placement
Demographics for 08619, NJ
23,301
Population
9,761
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
2,330
Density / Sq Mi
$104,922
Median Household Income
$56,772
Median Earnings
$1,712
Median Rent
$320,800
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Mercer County, NJ
Properties on Market for Residential income properties in Mercer County
Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom unit with separate dining space and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 63 HOLLY COURT Hamilton, NJ.
What is the asking price?
The asking price for this property is $312,000.
What are key features of this property?
This property features: 1,100‑square‑foot unit built in 1985; Two bedrooms, two bathrooms, separate dining room, and balcony; Gas heater and air conditioner installed this summer; newer gas hot water heater
