31
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322 MONROE AVENUE
About This Property
The home features two bedrooms and a full bathroom on the main level, with two additional bedrooms and a second full bathroom on the upper level-perfect for multi-generational living, guest space, or work-from-home flexibility.
Interior upgrades include a brand new kitchen with quartz countertops, custom shaker-style cabinets with soft-close doors and drawers, and a full stainless steel appliance package including range, built-in microwave, dishwasher, refrigerator, and garbage disposal. Luxury vinyl plank flooring extends throughout the entire home, complemented by fresh interior paint, new six-panel interior doors throughout, and all new double-pane, tilt-in windows providing excellent natural light and energy efficiency.
Both full bathrooms have been completely remodeled with new tubs/showers, subway tile surrounds, tile flooring, new vanities, and updated fixtures. Exterior improvements include brand new vinyl siding and a new 30-year dimensional roof.
Additional features include a newly constructed 1.5-car garage with front and side entry, a full basement with walkout access to the rear yard, and a private driveway accommodating up to three vehicles. The spacious backyard offers a concrete patio, ideal for outdoor entertaining and everyday use.
Located on a quiet street in Cherry Hill and within a highly regarded school district, the home is just 0.8 miles from Cherry Hill Mall and minutes from Garden State Pavilions and the Marketplace at Garden State Park, offering convenient access to shopping, dining, and major retailers including Costco and Wegmans.
Commuters will appreciate proximity to Route 38 (0.5 miles), Route 70 (1.9 miles), and Route 295 (approximately 4 miles), with Center City Philadelphia just 6 miles away. The location also provides easy access to regional destinations including the Jersey Shore (approximately 60 miles), the Pocono Mountains, and New York City (both approximately 1.5 hours).
Aggressively priced and fully updated with all major components brand new-including kitchen, bathrooms, flooring, paint, windows, roof, siding, and appliances-this home offers exceptional value in a prime location. A seller-paid one-year HSA home warranty is included, providing added peace of mind.
Schedule your private showing today-this one will not last...!!!
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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%.
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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.
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About Cherry Hill Mall
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017