2-Bedroom Residential Income
For Sale
$249,000
Pending
807 SEDGEFIELD DRIVE Unit A, Mount Laurel, NJ 08054
Updated condominium residence with open living areas, a patio, and a walk-in closet in Laurel Place.
Property Size920 SF
Days on Market54
Property Features for 807 SEDGEFIELD DRIVE Unit A
General Information
Standard status
Pending
Size
920 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,831
Building Details
Building Size
920 SF
Year Built
1988
Listing Agency:
BHHS Fox & Roach-Moorestown
Listed By:
Erin K Lewandowski
(856) 308-4381
Source:
Patmckennarealtors
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 27 at 12:24AM
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-Moorestown
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2-bedroom condominium offers main-floor living with an open arrangement connecting the living and dining areas. The kitchen includes white cabinetry, upgraded countertops, stainless steel appliances, a gas range, and a pass-through with breakfast bar seating. Laminate flooring extends through the primary living spaces, while the living room opens to an attached patio through a slider replaced in 2021. The primary bedroom includes plush carpeting and a walk-in closet.
Replacement windows, HVAC, and the hot water heater are all less than 5 years old. Built in 1988, the residence is located in the Laurel Place community at 807 Sedgefield Drive in Mount Laurel, New Jersey. A 1-year HSA home warranty is included.
Replacement windows, HVAC, and the hot water heater are all less than 5 years old. Built in 1988, the residence is located in the Laurel Place community at 807 Sedgefield Drive in Mount Laurel, New Jersey. A 1-year HSA home warranty is included.
Key Highlights
- 2‑bedroom condominium with main‑floor living
- Replacement windows, HVAC, and hot water heater are less than 5 years old
- Kitchen with stainless steel appliances, gas range, upgraded countertops, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,050
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,000
$241.0K
Cap Rate 7%
$172,143
$172.1K
Cap Rate 9%
$133,889
$133.9K
Market Conditions
NOI Build-Up for 920 SF
Gross rent
$23.2K $25.20/SF
− Vacancy
−$1.3K −$1.39/SF
EGI
$21.9K $23.81/SF
− OpEx
−$9.9K −$10.72/SF
NOI
$12.0K $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%
$241,000
Cap Rate 7%
$172,143
Cap Rate 9%
$133,889
Alternative Uses
Best Use
Apartment 5plus
$172.1K
$150.6K – $200.8K
NOI $12,050 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.92M
$1.68M – $2.24M
NOI $134,691 @ 7.0% cap · market cap 54.09%
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
709
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
Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium residence with open living areas, a patio, and a walk-in closet in Laurel Place.
Where is this residential income property located?
The property is located at 807 SEDGEFIELD DRIVE Unit A Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 2‑bedroom condominium with main‑floor living; Replacement windows, HVAC, and hot water heater are less than 5 years old; Kitchen with stainless steel appliances, gas range, upgraded countertops, and breakfast bar
