One-Bedroom Residential Income
For Sale
$108,381
Pending
701 SOCIETY HILL Unit A, Cherry Hill, NJ 08003
Condo residence with connected living and dining areas, wood-style flooring, dedicated laundry, and storage space.
Property Size720 SF
Days on Market57
Property Features for 701 SOCIETY HILL Unit A
General Information
Standard status
Pending
Size
720 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,201
Building Details
Building Size
720 SF
Year Built
1980
Listing Agency:
Ai Brokers LLC
Listed By:
Kimberlee Anne McClellan · License #RM425459
(800) 933-1991
Source:
Patmckennarealtors
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 26 at 9:46PM
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 Ai Brokers LLC
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Investment Insights
Based on property information with market context.
This 1-bedroom, 1-bath condominium residence offers approximately 720 square feet of living space in the Society Hill community. The interior includes a bright living area connected to the dining space, wood-style flooring, and a kitchen with traditional cabinetry, ample counters, and a pass-through to the main living area. The bedroom provides closet storage and a ceiling fan, while the full bath includes a tub/shower combination, vanity, and mirrored storage. A dedicated laundry area adds practical utility.
The property is located in Cherry Hill Township near shopping, dining, schools, and everyday services. Camden County College is described as being a short distance away, and access to major roadways supports travel throughout the surrounding area. The residence was built in 1980 and is being sold as is, where is. Buyers are responsible for inspections, the certificate of occupancy, and required certifications.
The property is located in Cherry Hill Township near shopping, dining, schools, and everyday services. Camden County College is described as being a short distance away, and access to major roadways supports travel throughout the surrounding area. The residence was built in 1980 and is being sold as is, where is. Buyers are responsible for inspections, the certificate of occupancy, and required certifications.
Key Highlights
- 1‑bedroom, 1‑bath condominium with approximately 720 square feet
- Located in the Society Hill community of Cherry Hill Township
- Kitchen features traditional cabinetry, generous counter space, and a pass‑through to the living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,312
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,240
$146.2K
Cap Rate 7%
$104,457
$104.5K
Cap Rate 9%
$81,244
$81.2K
Market Conditions
NOI Build-Up for 720 SF
Gross rent
$14.1K $19.56/SF
− Vacancy
−$789 −$1.10/SF
EGI
$13.3K $18.46/SF
− OpEx
−$6.0K −$8.31/SF
NOI
$7.3K $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%
$146,240
Cap Rate 7%
$104,457
Cap Rate 9%
$81,244
Alternative Uses
Best Use
Apartment 5plus
$104.5K
$91.4K – $121.9K
NOI $7,312 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$182.6K
$159.7K – $213.0K
NOI $12,779 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 08003, NJ
31,402
Population
12,049
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
2,855
Density / Sq Mi
$155,947
Median Household Income
$77,139
Median Earnings
$1,991
Median Rent
$418,000
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Condo residence with connected living and dining areas, wood-style flooring, dedicated laundry, and storage space.
Where is this residential income property located?
The property is located at 701 SOCIETY HILL Unit A Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $108,381.
What are key features of this property?
This property features: 1‑bedroom, 1‑bath condominium with approximately 720 square feet; Located in the Society Hill community of Cherry Hill Township; Kitchen features traditional cabinetry, generous counter space, and a pass‑through to the living area
