$465,000
●
House -
Off Market
228 MIMOSA DRIVE
CHERRY HILL, NJ 08003
4 Beds
2 Baths,
1
Half Bath
2,239 Ft²
$3,210
Est. Monthly
About This Property
Handyman Special! Incredible Opportunity to Add Value! Instant
Equity to Be Earned! Welcome to 228 Mimosa Dr, Cherry Hill NJ,
offering an incredible opportunity to build equity and create your
dream home. This 4-bedroom, 2 full-bath, 1 half-bath home is ready
for your vision and updates. Inside, you'll find spacious living
areas, generously sized bedrooms, and a functional layout with
plenty of room to customize to your liking. Located in the highly
desirable Old Orchard section of Cherry Hill. Add Ideally located
within the award winning Cherry Hill East School District, this
home is just minutes from top shopping and dining, with easy access
to route 295 and the NJ Turnpike, and the bridges to Philadelphia.
enjoy convenient travel to both the Jersey shore and New York City.
Outside, enjoy a nice-sized yard with plenty of room for
entertaining, gardening, or future improvements. The property is
being sold as-is. Buyer is responsible for obtaining the CO if
required. Whether you're looking to renovate and make this your own
or build instant equity, this opportunity won't last long. Schedule
your private showing today!
Unit Size
2,239 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$205
Property Type
House
Property Taxes
$952
HOA Dues
-
Year Built
1967
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 15 days ago (Bright MLS #NJCD2127806)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2026 | Sold | ||
| Sold | |||
| Sep 29, 2026 | Listed by HomeSmart First Advantage Realty | $459,777 | |
| Listed by HomeSmart First Advantage Realty | |||
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
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Asking Price
Listed On
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Sold On
Sold On
HOA + Taxes
About Greentree
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Listed by: Michael Fingerman
HomeSmart First Advantage Realty
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJCD2127806
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
HomeSmart First Advantage Realty
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJCD2127806
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