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Cherry Hill,NJ 08002
Key Details
Property Type Condo
Sub Type Unit/Flat/Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 1,312 sqft
Price per Sqft $224
Subdivision Park Place
MLS Listing ID NJCD2085552
Style Contemporary
Bedrooms 2
Full Baths 2
HOA Fees $313/mo
Year Built 1986
Annual Tax Amount $5,559
Tax Year 2024
Lot Size 2,047 Sqft
Property Description
This tenant-occupied, cash-flowing 2-bed, 2-bath condo in the high-demand Park Place community is a prime investment opportunity. Currently rented at $2,500/month, it offers immediate income with a stable tenant in place. Featuring a modern kitchen, luxury vinyl flooring, and a first-floor bedroom with an attached bath and balcony, the unit is well-maintained and move-in ready.
With an assumable mortgage, HOA at $313/month ($3,756 annually), taxes at $468.50/month ($5,622 annually), and insurance at just $326/year, carrying costs are low and predictable. The Park Place community offers desirable amenities like a pool, tennis courts, and clubhouse, making it a high-demand rental location.
Located near major highways, shopping, and employers, this turnkey property delivers consistent rental income, strong ROI, and long-term appreciation. Lock in this passive income opportunity today!
Location
State NJ
County Camden
Area Cherry Hill Twp (20409)
Zoning RESIDENTIAL
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Fully Carpeted,Tile/Brick,Marble
Inclusions Kitchen Appliances.
Equipment Energy Efficient Appliances
Exterior
Exterior Feature Deck(s),Balcony
Amenities Available Tennis Courts,Swimming Pool,Club House
Water Access N
Roof Type Shingle
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Cathedral Ceilings
New Construction N
Schools
School District Cherry Hill Township Public Schools
Others
Acceptable Financing Negotiable
Listing Terms Negotiable
Special Listing Condition Standard
Pets Allowed Case by Case Basis