Building Details

Building Size 1,222 SF

Year Built 1962

Listing Agency: EXP Realty, LLC

Listed By: Deidre M Quinn · License #RS276819 Show Phone

Source: Patmckennarealtors

Added: Mar 5 Changed: Oct 31 Last Checked: Nov 3 at 1:54PM

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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 EXP Realty, LLC

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Investment Insights

Based on property information with market context.

This 2-bedroom, 2-bath condominium at Green Hill features a renovated kitchen and bathrooms, a breakfast bar, extensive cabinetry, and open connections between the kitchen, dining, and living areas. The living room leads to a private patio, while the primary bedroom offers generous closet space. A second bedroom or den includes a custom California Closet Murphy bed, and the home also provides main-level laundry, custom window shades, an upgraded electrical panel, and lower-level storage. The building was constructed in 1962.

Green Hill is a gated community along the City Avenue corridor in Wynnewood, with a guarded front entrance and doorman service. Community amenities include optional seasonal outdoor and indoor pools, a health club, tennis and pickleball courts, gathering spaces, a community garden, and a playground. On-site parking and optional garage parking are available. The property is in Lower Merion Township and the Lower Merion School District, with access to Main Line shopping and dining, transit options, and Center City Philadelphia.

Key Highlights

• 2‑bedroom, 2‑bath condominium at Green Hill
• Renovated kitchen and bathrooms with breakfast bar and open sightlines
• Private patio extends from the living room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,510

Cap Rate

7.18%

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 7.18%

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 21.39%

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

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 - Two-bedroom condominium with renovated interiors, flexible living space, and access to gated community amenities.

Where is this residential income property located?

The property is located at 1001 CITY AVENUE Unit EC704 Wynnewood, PA.

What is the asking price?

The asking price for this property is $230,000.

What are key features of this property?

This property features: 2‑bedroom, 2‑bath condominium at Green Hill; Renovated kitchen and bathrooms with breakfast bar and open sightlines; Private patio extends from the living room