Bought with Donna Jakovasic • Better Homes and Gardens Real Estate Maturo
$471,000
$449,900
4.7%For more information regarding the value of a property, please contact us for a free consultation.
2,204 SqFt
SOLD DATE : 09/29/2026
Key Details
Sold Price $471,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,204 sqft
Price per Sqft $213
Subdivision Willow Turn
MLS Listing ID NJBL2117674
Sold Date 09/29/26
Style Contemporary
Abv Grd Liv Area 2,204
Year Built 1979
Available Date 2026-08-14
Annual Tax Amount $6,092
Tax Year 2025
Lot Dimensions 58.00 x 0.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Attention investors — 107 Willow Turn in Mount Laurel presents another compelling income-producing opportunity in one of South Jersey's most consistently strong rental markets, and as an end unit, it offers the added appeal that quality tenants actively seek out. Both units are rented month-to-month — Unit A is a 2-bedroom, 2-bath currently at $1,350/month and Unit B is a 3-bedroom, 2-bath currently at $1,525/month — generating $2,875 in combined monthly income and $34,500 in annual gross revenue from day one. The upside here is significant: current market rents for comparable units in Mount Laurel are approximately $2,200/month for a 2-bedroom, 2-bath and $2,400/month for a 3-bedroom, 2-bath — meaning targeted cosmetic improvements between tenancies and a disciplined lease renewal strategy could push combined monthly income toward $4,600, representing a potential increase of over $1,700 per month and more than $20,000 in additional annual gross income. Tenants pay their own electric, and while the landlord pays water, it is billed back to the tenants — keeping net operating expenses limited to sewer only and making this an exceptionally lean asset to operate. There is no HOA, eliminating an additional expense and giving the new owner maximum flexibility over the property. An attached garage rounds out a strong package. This property is also available as part of a two-property portfolio acquisition alongside 105A Willow Turn — offering a combined annual gross income of $71,400 at current rents, with a combined market rate upside significantly better once both properties are stabilized. Mount Laurel's access to I-295, the New Jersey Turnpike, Route 73, and Route 38 — approximately 20 minutes to Philadelphia and an hour to the Jersey Shore — ensures consistent tenant demand and low vacancy. Whether you are building a portfolio or making your first investment move, 107 Willow Turn is worth a serious look. Contact the listing agent to schedule your showing today.
Location
State NJ
County Burlington
Area Mount Laurel Twp (20324)
Zoning RES
Interior
Interior Features Primary Bath(s), Ceiling Fan(s), Breakfast Area
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Fully Carpeted, Vinyl, Tile/Brick
Equipment Range Hood, Refrigerator, Washer, Dryer, Dishwasher, Disposal
Fireplace N
Window Features Energy Efficient
Appliance Range Hood, Refrigerator, Washer, Dryer, Dishwasher, Disposal
Heat Source Electric
Exterior
Parking Features Additional Storage Area
Garage Spaces 2.0
Water Access N
Accessibility None
Attached Garage 2
Total Parking Spaces 2
Garage Y
Private Pool No
Building
Foundation Slab
Above Ground Finished SqFt 2204
Sewer Private Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Lenape Reg
School District Mount Laurel Township Public Schools
Others
Tax ID 24-00303 03-00035
Ownership Fee Simple
SqFt Source 2204
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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