523 Park Place Drive, CHERRY HILL, NJ 08002 (MLS # NJCD2085552)
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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!
| DAYS ON MARKET | 18 | LAST UPDATED | 2/21/2025 |
|---|---|---|---|
| TRACT | PARK PLACE | YEAR BUILT | 1986 |
| COMMUNITY | Cherry Hill Twp (20409) | COUNTY | CAMDEN |
| STATUS | Sold | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| School District | CHERRY HILL TOWNSHIP PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air, Gas |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash |
| APPLIANCES | ENERGY STAR Qualified Appliances, Gas Water Heater |
| AREA | Cherry Hill Twp (20409) |
| CONSTRUCTION | Aluminum Siding, Wood Siding |
| EXTERIOR | Balcony, Lighting |
| HEAT | Electric, Forced Air |
| HOA DUES | 313|Monthly |
| INTERIOR | Cathedral Ceiling(s), Ceiling Fan(s), Eat-in Kitchen |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Private, Parking Lot |
| POOL DESCRIPTION | Community |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Contemporary |
| SUBDIVISION | PARK PLACE |
| TAXES | 5559 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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