Building Details

Building Size 1,222 SF

Year Built 1962

Listing Agency: Compass Pennsylvania, LLC

Listed By: Jan Schmidt · License #RS206846L Show Phone

Source: Patmckennarealtors

Added: Oct 23 Changed: Oct 31 Last Checked: Nov 3 at 2:40PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Pennsylvania, LLC

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Investment Insights

Based on property information with market context.

This condominium features an open living and dining area with sliding doors to a terrace, plus windows that bring natural light into the rooms. The kitchen has updated cabinetry with pull-out drawers, under-cabinet LED lighting, and a stainless steel French door refrigerator. A built-in dining-area wall adds pantry and storage space. Two walk-in closets provide additional organization, including custom shelving and drawers in the primary suite. Other improvements include luxury vinyl flooring in the main living areas and kitchen, updated bathrooms with glass shower enclosures, a full-size washer and dryer, and window treatments in the living room and bedrooms.

The residence is near an elevator and a ramp entrance by the parking area. The Green Hill grounds span 23 acres, and resident amenities include a gym, indoor pool, bus service, party room, book club, speaker series, and card rooms. The property was built in 1962.

Key Highlights

• Terrace with views across the 23‑acre Green Hill grounds
• Kitchen updated with pull‑out cabinetry, under‑cabinet LED lighting, and a stainless steel French door refrigerator
• Two walk‑in closets, including a primary suite closet with custom shelving and drawers

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,510

Cap Rate

5.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$330,200 $330.2K

Cap Rate 7%

$235,857 $235.9K

Cap Rate 9%

$183,444 $183.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,222 SF

Gross rent

$32.0K $26.16/SF

− Vacancy

−$2.0K −$1.60/SF

EGI

$30.0K $24.56/SF

− OpEx

−$13.5K −$11.05/SF

NOI

$16.5K $13.51/SF

Area

Montgomery County, PA

Vacancy

6.10%

Lease Rate

$26.16 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$330,200

Cap Rate 7%

$235,857

Cap Rate 9%

$183,444

Alternative Uses

Best Use

Apartment 5plus

$235.9K

$206.4K – $275.2K (±1% cap)

NOI $16,510 @ 7.0% cap · market cap 5.70%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$702.9K

$615.1K – $820.1K (±1% cap)

NOI $49,204 @ 7.0% cap · market cap 16.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

1,445

Businesses Nearby

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Demographics for 19096, PA

15,390

Population

5,894

Households

2.6

Avg Household Size

44

Median Age

80%

College-Educated

99%

High-School Grad

3.5 sq mi

ZIP Area

4,397

Density / Sq Mi

$186,648

Median Household Income

$104,063

Median Earnings

$2,107

Median Rent

$711,600

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - The home opens onto a terrace overlooking wooded grounds and includes two walk-in closets and in-unit laundry.

Where is this residential income property located?

The property is located at 1001 CITY AVENUE Unit E-428 Wynnewood, PA.

What is the asking price?

The asking price for this property is $289,900.

What are key features of this property?

This property features: Terrace with views across the 23‑acre Green Hill grounds; Kitchen updated with pull‑out cabinetry, under‑cabinet LED lighting, and a stainless steel French door refrigerator; Two walk‑in closets, including a primary suite closet with custom shelving and drawers