Golf Course View Residential
New
For Sale
$270,000
707 AUGUSTA CIRCLE, Mount Laurel, NJ 08054
The first-floor unit combines a covered patio, in-unit laundry, and a separate sitting area with flexible everyday use.
Property Size1,280 SF
Price / SF$210.94
Days on Market7
Property Features for 707 AUGUSTA CIRCLE
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,198
Amenities
fireplace
covered patio
in-unit laundry
Building Details
Building Size
1,280 SF
Year Built
1989
Listing Agency:
Keller Williams - Main Street
Listed By:
Patrick M Gorman · License #340986
(856) 200-8320
Source:
Patmckennarealtors
Added: Oct 21
Changed: Oct 27
Last Checked: Oct 26 at 9:28PM
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 - Main Street
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Investment Insights
Based on property information with market context.
Located in the Eagle Point community, this first-floor residential property offers approximately 1,280 square feet with one bedroom and one bathroom. The living area includes a stone-accented fireplace and recessed lighting, with sliding doors opening to a covered patio that faces Ramblewood Golf Course. A separate sitting area provides additional interior space. The kitchen has stainless steel appliances, a farmhouse-style sink, ample cabinetry, and a center island with seating. The bedroom includes three closets, one of them walk-in; the renovated bathroom has a double-sink vanity and a tiled tub-and-shower combination. In-unit laundry is also included. The property was built in 1989.
Nearby destinations include Ramblewood Country Club, Laurel Acres Park, Moorestown Mall, Wegmans, Target, and Costco. Routes 38, 70, and 73, I-295, and the New Jersey Turnpike provide regional road connections.
Nearby destinations include Ramblewood Country Club, Laurel Acres Park, Moorestown Mall, Wegmans, Target, and Costco. Routes 38, 70, and 73, I-295, and the New Jersey Turnpike provide regional road connections.
Key Highlights
- Approximately 1,280 square feet; one bedroom and one bathroom
- Covered patio with a view of Ramblewood Golf Course
- Kitchen with stainless steel appliances, farmhouse‑style sink, and center island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,765
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,300
$335.3K
Cap Rate 7%
$239,500
$239.5K
Cap Rate 9%
$186,278
$186.3K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$32.3K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$30.5K $23.81/SF
− OpEx
−$13.7K −$10.72/SF
NOI
$16.8K $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%
$335,300
Cap Rate 7%
$239,500
Cap Rate 9%
$186,278
Alternative Uses
Best Use
Apartment 5plus
$239.5K
$209.6K – $279.4K
NOI $16,765 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.68M
$2.34M – $3.12M
NOI $187,397 @ 7.0% cap · market cap 69.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
980
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The first-floor unit combines a covered patio, in-unit laundry, and a separate sitting area with flexible everyday use.
Where is this residential income property located?
The property is located at 707 AUGUSTA CIRCLE Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Approximately 1,280 square feet; one bedroom and one bathroom; Covered patio with a view of Ramblewood Golf Course; Kitchen with stainless steel appliances, farmhouse‑style sink, and center island
