Corner Residential Income
For Sale
$249,900
630 COVINGTON COURT, Sewell, NJ 08080
Updated second-floor condo with remodeled baths, new kitchen appliances, private balcony, and assigned parking.
Property Size1,086 SF
Days on Market52
Property Features for 630 COVINGTON COURT
General Information
Standard status
Active
Size
1,086 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
tennis courts
balcony
lawn care
snow removal
Building Details
Building Size
1,086 SF
Year Built
1989
Listing Agency:
Keller Williams Realty - Moorestown
Listed By:
Mary E. Ghaly
(856) 316-1100
Source:
Patciervo.kw
Added: Sep 4
Changed: Oct 16
Last Checked: Oct 24 at 1:48PM
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 Keller Williams Realty - Moorestown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This corner condo is configured as a second-floor residence with two bedrooms, two full bathrooms, a living room with a high ceiling, dining area, eat-in kitchen, laundry room, and multiple closets. Recent improvements include fresh interior paint, new kitchen appliances, waterproof flooring in the kitchen and bathrooms, updated carpet, new bathroom fixtures, and a full-size washer and dryer. The kitchen includes a gas range, dishwasher, and disposal, while the main bedroom has a walk-in closet and private bathroom.
A sliding glass door opens to a private balcony overlooking lawn area. The unit includes one assigned parking space along with additional free parking. Community features include tennis courts, lawn care, and snow removal. Built in 1989, the property has a documented rental history and is available for immediate occupancy.
A sliding glass door opens to a private balcony overlooking lawn area. The unit includes one assigned parking space along with additional free parking. Community features include tennis courts, lawn care, and snow removal. Built in 1989, the property has a documented rental history and is available for immediate occupancy.
Key Highlights
- Corner condo with two bedrooms and two full bathrooms
- Updated kitchen with stainless steel appliances, gas range, dishwasher, and disposal
- Remodeled bathrooms with waterproof flooring, new toilets, and new vanities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,694
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,880
$253.9K
Cap Rate 7%
$181,343
$181.3K
Cap Rate 9%
$141,044
$141.0K
Market Conditions
NOI Build-Up for 1,086 SF
Gross rent
$24.5K $22.56/SF
− Vacancy
−$1.4K −$1.31/SF
EGI
$23.1K $21.25/SF
− OpEx
−$10.4K −$9.56/SF
NOI
$12.7K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,880
Cap Rate 7%
$181,343
Cap Rate 9%
$141,044
Alternative Uses
Best Use
Apartment 5plus
$181.3K
$158.7K – $211.6K
NOI $12,694 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.0K
$319.4K – $425.9K
NOI $25,553 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Explore this area
Business Placement
Demographics for 08080, NJ
37,942
Population
14,746
Households
2.6
Avg Household Size
43
Median Age
44%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
1,299
Density / Sq Mi
$119,919
Median Household Income
$61,474
Median Earnings
$1,674
Median Rent
$330,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Updated second-floor condo with remodeled baths, new kitchen appliances, private balcony, and assigned parking.
Where is this residential income property located?
The property is located at 630 COVINGTON COURT Sewell, NJ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Corner condo with two bedrooms and two full bathrooms; Updated kitchen with stainless steel appliances, gas range, dishwasher, and disposal; Remodeled bathrooms with waterproof flooring, new toilets, and new vanities
