523 Park Place Drive, Cherry Hill, NJ 08002
- $295,000
- 2
- BD
- 2
- BA
- 1,312
- SqFt
- Sold Price
- $295,000
- List Price
- $295,000
- Closing Date
- Feb 21, 2025
- Days on Market
- 10
- Status
- CLOSED
- MLS#
- NJCD2085552
- Bedrooms
- 2
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,312
- Lot Size (Acres)
- 0.05
- Style
- Contemporary
- Year Built
- 1986
- County
- Camden
- School District
- Cherry Hill Township Public Schools
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!
Additional Information
- Area
- Cherry Hill Twp (20409)
- Subdivision
- Park Place
- Taxes
- $5559
- HOA Fee
- $313
- HOA Frequency
- Monthly
- Interior Features
- Skylight(s), Ceiling Fan(s), Breakfast Area, Floor Plan - Traditional, Kitchen - Eat-In
- Amenities
- Tennis Courts, Swimming Pool, Club House
- School District
- Cherry Hill Township Public Schools
- Flooring
- Fully Carpeted, Tile/Brick, Marble
- Exterior Features
- Exterior Lighting, Sidewalks, Street Lights
- Community Amenities
- Tennis Courts, Swimming Pool, Club House
- Heating
- Forced Air
- Heating Fuel
- Electric
- Cooling
- Central A/C
- Roof
- Shingle
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of RealtyMark Properties. Contact:
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