Building Details

Building Size 1,222 SF

Year Built 1962

Listing Agency: Tesla Realty Group, LLC

Listed By: Quintin Terry · License #RS348970 Show Phone

Source: Patmckennarealtors

Added: Oct 15 Changed: Oct 19 Last Checked: Oct 19 at 2:48PM

Report an Issue

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 Tesla Realty Group, LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This apartment unit was built in 1962 and has two bedrooms, two full bathrooms, and a private balcony with views of trees and wooded areas. The kitchen includes a gas oven and range, refrigerator, dishwasher, and microwave.

Community amenities include a pool, tennis courts, fitness center, game room, play area, and a staffed lobby desk. The property also has 24-hour monitored security, and public transportation is a short distance away. The association fee covers air conditioning, electricity, water, and trash removal.

Key Highlights

• Two bedrooms and two full bathrooms
• Private balcony with views of trees and wooded areas
• Kitchen includes a gas oven and range, refrigerator, dishwasher, and microwave

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,510

Cap Rate

8.69%

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 8.69%

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 25.90%

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 - Residents have access to a pool, tennis courts, fitness center, game room, and additional storage.

Where is this residential income property located?

The property is located at 1001 CITY AVENUE Unit EE-726 Wynnewood, PA.

What is the asking price?

The asking price for this property is $190,000.

What are key features of this property?

This property features: Two bedrooms and two full bathrooms; Private balcony with views of trees and wooded areas; Kitchen includes a gas oven and range, refrigerator, dishwasher, and microwave