Two-Bedroom Residential Income
For Sale
$299,900
701A TRESCOTT PLACE, Mount Laurel, NJ 08054
The condo includes two full bathrooms and a walk-in closet in the primary suite.
Property Size1,136 SF
Price / SF$263
Days on Market145
Property Features for 701A TRESCOTT PLACE
General Information
Standard status
Active
Size
1,136 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,376
Building Details
Building Size
1,136 SF
Year Built
1992
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Jun 5
Changed: Oct 27
Last Checked: Oct 27 at 4:16AM
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
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Investment Insights
Based on property information with market context.
This residential income property is a 1,136-square-foot condo built in 1992. Its layout includes two bedrooms and two full bathrooms. The primary bathroom features a soaking tub, and the adjoining bedroom has a walk-in closet.
Key Highlights
- Two bedrooms and two full bathrooms
- 1,136‑square‑foot condo
- Primary bathroom includes a soaking tub
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,879
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,580
$297.6K
Cap Rate 7%
$212,557
$212.6K
Cap Rate 9%
$165,322
$165.3K
Market Conditions
NOI Build-Up for 1,136 SF
Gross rent
$28.6K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.1K $23.81/SF
− OpEx
−$12.2K −$10.72/SF
NOI
$14.9K $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%
$297,580
Cap Rate 7%
$212,557
Cap Rate 9%
$165,322
Alternative Uses
Best Use
Apartment 5plus
$212.6K
$186.0K – $248.0K
NOI $14,879 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.38M
$2.08M – $2.77M
NOI $166,315 @ 7.0% cap · market cap 55.46%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
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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 - The condo includes two full bathrooms and a walk-in closet in the primary suite.
Where is this residential income property located?
The property is located at 701A TRESCOTT PLACE Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; 1,136‑square‑foot condo; Primary bathroom includes a soaking tub
