Condominium with Private
For Sale
$180,000
1001 CITY AVENUE Unit E709, Wynnewood, PA 19096
The two-bedroom, two-bath layout includes in-unit laundry, ample closet storage, and a second bedroom suited to several configurations.
Property Size1,222 SF
Days on Market35
Property Features for 1001 CITY AVENUE Unit E709
General Information
Standard status
Active
Size
1,222 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,573
Amenities
24/7 gated security
door service
on-site professional management
indoor lap pool
outdoor seasonal swimming pool
fitness center
tennis courts
pickleball courts
walking grounds
game rooms
private library
package services
community shuttle service
in-unit laundry
private balcony
Building Details
Building Size
1,222 SF
Year Built
1962
Listing Agency:
BHHS Fox & Roach-Haverford
Listed By:
Ramon Michael Solis · License #RS349393
(215) 873-4414
Source:
Patmckennarealtors
Added: Sep 17
Changed: Oct 11
Last Checked: Oct 19 at 3:40PM
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 BHHS Fox & Roach-Haverford
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1962 condominium at 1001 City Avenue has two bedrooms and two full bathrooms. The living and dining areas share an open layout with wall-to-wall windows and access to a private balcony. The kitchen provides ample counter space and cabinetry. The primary bedroom has walk-in closets and an en-suite bath; the second bedroom can serve as a guest room, office, or den. In-unit laundry and additional closet storage round out the floor plan.
Green Hill is a gated community with door service and on-site management. Amenities include indoor lap and seasonal outdoor pools, a fitness center, tennis and pickleball courts, walking grounds, game rooms, a library, and package service. Condo fees cover electricity, heat, air conditioning, and water. The property is in Lower Merion Township and the Lower Merion School District, served by Penn Wynne Elementary. Nearby destinations include Lankenau Medical Center, shopping, dining, and SEPTA Regional Rail stations; a community shuttle serves local shopping centers.
Green Hill is a gated community with door service and on-site management. Amenities include indoor lap and seasonal outdoor pools, a fitness center, tennis and pickleball courts, walking grounds, game rooms, a library, and package service. Condo fees cover electricity, heat, air conditioning, and water. The property is in Lower Merion Township and the Lower Merion School District, served by Penn Wynne Elementary. Nearby destinations include Lankenau Medical Center, shopping, dining, and SEPTA Regional Rail stations; a community shuttle serves local shopping centers.
Key Highlights
- Two bedrooms and two full bathrooms, including a primary suite with en‑suite bath
- Private balcony accessible from the living area
- Community amenities include indoor and seasonal outdoor pools, fitness center, tennis and pickleball courts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,510
Cap Rate
9.17%
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
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
NOI $16,510 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$702.9K
$615.1K – $820.1K
NOI $49,204 @ 7.0% cap · market cap 27.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,445
Businesses Nearby
Explore this area
Business Placement
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 two-bedroom, two-bath layout includes in-unit laundry, ample closet storage, and a second bedroom suited to several configurations.
Where is this residential income property located?
The property is located at 1001 CITY AVENUE Unit E709 Wynnewood, PA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms, including a primary suite with en‑suite bath; Private balcony accessible from the living area; Community amenities include indoor and seasonal outdoor pools, fitness center, tennis and pickleball courts
