Cherry Hill, NJ 08002,523 PARK PLACE DR
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Cherry Hill, NJ 08002,523 PARK PLACE DR
Cherry Hill, NJ 08002,523 PARK PLACE DR
Cherry Hill, NJ 08002,523 PARK PLACE DR
Cherry Hill, NJ 08002,523 PARK PLACE DR
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$ 295,000
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523 PARK PLACE DR Cherry Hill, NJ 08002

2 Beds

2 Baths

1,312 SqFt


UPDATED:

02/05/2025 01:25 PM

Key Details

Property Type Single Family Home, 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

HOA Y/N Y

Abv Grd Liv Area 1,312

Originating Board BRIGHT

Year Built 1986

Annual Tax Amount $5,559

Tax Year 2024

Lot Size 2,047 Sqft

Acres 0.05

Lot Dimensions 0.00 x 0.00

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

Rooms

Main Level Bedrooms 2

Interior

Interior Features Skylight(s), Ceiling Fan(s), Breakfast Area, Floor Plan - Traditional, Kitchen - Eat-In

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Fully Carpeted, Tile/Brick, Marble

Inclusions Kitchen Appliances.

Equipment Energy Efficient Appliances

Fireplace N

Appliance Energy Efficient Appliances

Heat Source Electric

Exterior

Exterior Feature Deck(s), Balcony

Amenities Available Tennis Courts, Swimming Pool, Club House

Water Access N

Roof Type Shingle

Accessibility Level Entry - Main

Porch Deck(s), Balcony

Garage N

Building

Story 2

Unit Features Garden 1 - 4 Floors

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories 2

Additional Building Above Grade, Below Grade

Structure Type Cathedral Ceilings

New Construction N

Schools

School District Cherry Hill Township Public Schools

Others

Pets Allowed Y

HOA Fee Include All Ground Fee,Ext Bldg Maint,Insurance,Lawn Maintenance,Management,Snow Removal,Trash

Senior Community No

Tax ID 09-00052 01-00001-C0523

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Negotiable

Listing Terms Negotiable

Financing Negotiable

Special Listing Condition Standard

Pets Allowed Case by Case Basis


Bright MLS (BMLS)
Listed by Steven P McCullough I • RealtyMark Properties
agent

Jessica Gresczyk

License ID: 676812

+1(717) 855-4566

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523 PARK PLACE DR