Pond-View
New
For Sale
$259,900
706 CYPRESS POINT CIRCLE Unit B, Mount Laurel, NJ 08054
The residence features vaulted ceilings, a wood-burning fireplace, and a private deck overlooking a pond.
Property Size1,110 SF
Days on Market6
Property Features for 706 CYPRESS POINT CIRCLE Unit B
General Information
Standard status
Active
Size
1,110 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,079
Amenities
vaulted ceilings
wood-burning fireplace
private deck
washer/dryer
Building Details
Building Size
1,110 SF
Year Built
1985
Listing Agency:
BHHS Fox & Roach-Medford
Listed By:
Linda M Wilhelm · License #9482207
(609) 405-2552
Source:
Patmckennarealtors
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 13 at 1:57AM
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-Medford
Investment Insights
Based on property information with market context.
Built in 1985, this two-bedroom, two-bathroom condominium has vaulted ceilings, a spacious kitchen, and an open living area with a wood-burning fireplace. A private deck faces the pond, and a washer and dryer are included.
The property is directly across from Ramblewood Country Club, a public golf course and event venue. I-295, the New Jersey Turnpike, and the PATCO High Speedline are accessible nearby, with shopping, dining, and entertainment also within reach.
The property is directly across from Ramblewood Country Club, a public golf course and event venue. I-295, the New Jersey Turnpike, and the PATCO High Speedline are accessible nearby, with shopping, dining, and entertainment also within reach.
Key Highlights
- Private deck overlooks a pond
- Two bedrooms and two bathrooms
- Vaulted ceilings and wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,538
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,760
$290.8K
Cap Rate 7%
$207,686
$207.7K
Cap Rate 9%
$161,533
$161.5K
Market Conditions
NOI Build-Up for 1,110 SF
Gross rent
$28.0K $25.20/SF
− Vacancy
−$1.5K −$1.39/SF
EGI
$26.4K $23.81/SF
− OpEx
−$11.9K −$10.72/SF
NOI
$14.5K $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%
$290,760
Cap Rate 7%
$207,686
Cap Rate 9%
$161,533
Alternative Uses
Best Use
Apartment 5plus
$207.7K
$181.7K – $242.3K
NOI $14,538 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.32M
$2.03M – $2.71M
NOI $162,508 @ 7.0% cap · market cap 62.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
997
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence features vaulted ceilings, a wood-burning fireplace, and a private deck overlooking a pond.
Where is this residential income property located?
The property is located at 706 CYPRESS POINT CIRCLE Unit B Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Private deck overlooks a pond; Two bedrooms and two bathrooms; Vaulted ceilings and wood‑burning fireplace
