Building Details

Building Size 910 SF

Year Built 1962

Listing Agency: KW Main Line - Narberth

Listed By: Damon C. Michels · License #AB067731 Show Phone

Source: Wagnerrealestate

Added: Apr 22 Changed: Nov 2 Last Checked: Nov 3 at 8:59AM

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Investment Insights

Based on property information with market context.

Set on the 10th floor, this 910-square-foot condominium has one bedroom and one bathroom. Its open-concept living and dining space connects to a private balcony with a view of the community pool. An in-unit washer and dryer and a dedicated parking space are included. The residence was built in 1962.

Community features include gated entry with 24-hour security, a courtesy bus, tennis courts, a library, and TV and game rooms. Indoor and outdoor pools and a health club are also available on the grounds for an additional fee. Utilities are covered by the condo fees, except cable.

Shopping, major roads, and public transportation are nearby. The property is part of The Green Hill Social Club community, which also includes landscaped grounds and shared recreation amenities.

Key Highlights

• 910‑square‑foot, one‑bedroom, one‑bathroom residence on the 10th floor
• Private balcony overlooks the community pool
• In‑unit washer and dryer; dedicated parking space included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,294

Cap Rate

7.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$245,880 $245.9K

Cap Rate 7%

$175,629 $175.6K

Cap Rate 9%

$136,600 $136.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 910 SF

Gross rent

$23.8K $26.16/SF

− Vacancy

−$1.5K −$1.60/SF

EGI

$22.4K $24.56/SF

− OpEx

−$10.1K −$11.05/SF

NOI

$12.3K $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%

$245,880

Cap Rate 7%

$175,629

Cap Rate 9%

$136,600

Alternative Uses

Best Use

Apartment 5plus

$175.6K

$153.7K – $204.9K (±1% cap)

NOI $12,294 @ 7.0% cap · market cap 7.45%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$523.4K

$458.0K – $610.7K (±1% cap)

NOI $36,641 @ 7.0% cap · market cap 22.21%

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

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 residence includes an open living and dining area, a private balcony, and an in-unit washer and dryer.

Where is this residential income property located?

The property is located at 1001 CITY AVENUE Unit W-1003 Wynnewood, PA.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: 910‑square‑foot, one‑bedroom, one‑bathroom residence on the 10th floor; Private balcony overlooks the community pool; In‑unit washer and dryer; dedicated parking space included