Residential Income Property with
For Sale
$260,000
1001 CITY AVENUE Unit WA-1008, Wynnewood, PA 19096
Updated interiors, garage parking, and access to shared community amenities complement this upper-floor home.
Property Size1,222 SF
Price / SF$212.77
Days on Market82
Property Features for 1001 CITY AVENUE Unit WA-1008
General Information
Standard status
Active
Size
1,222 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,697
Amenities
private balcony
washer and dryer
lower-level storage bin
gated community
staffed entrance security
24-hour doorman
library
meeting rooms
courtesy bus
tennis courts
modern playground
health club
gym
seasonal outdoor pool
heated indoor pool
courtesy shuttle service
Building Details
Building Size
1,222 SF
Year Built
1962
Listing Agency:
BHHS Fox & Roach-Haverford
Listed By:
Jessica Ledbetter · License #RS362451
(610) 496-4006
Source:
Wagnerrealestate
Added: Aug 14
Changed: Nov 2
Last Checked: Nov 3 at 9:01AM
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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Investment Insights
Based on property information with market context.
Set on the tenth floor, this two-bedroom, two-bath condominium contains approximately 1,222 square feet. Recent work includes luxury vinyl plank flooring, frosted-glass interior doors, bathroom lighting, and an upgraded electrical panel. The galley kitchen has granite counters and upgraded appliances, while the living and dining area opens onto a private balcony. The primary bedroom has two closets and an en-suite bath; the second bedroom connects directly to a walk-in closet. A full-size washer and dryer, lower-level storage bin, and indoor garage space #51 are also included.
Green Hill is a gated community with staffed entrance security and a 24-hour doorman. Shared facilities include a library, meeting rooms, tennis courts, a playground, and elevators. A courtesy shuttle serves nearby shopping, train stations, Lankenau Medical Center, and other destinations. The community is in the Lower Merion School District. Water, electricity, heat, and air conditioning are covered by the condominium fee; cable, internet, and telephone service are the owner's responsibility. The building dates to 1962.
Green Hill is a gated community with staffed entrance security and a 24-hour doorman. Shared facilities include a library, meeting rooms, tennis courts, a playground, and elevators. A courtesy shuttle serves nearby shopping, train stations, Lankenau Medical Center, and other destinations. The community is in the Lower Merion School District. Water, electricity, heat, and air conditioning are covered by the condominium fee; cable, internet, and telephone service are the owner's responsibility. The building dates to 1962.
Key Highlights
- Two bedrooms and two full bathrooms in approximately 1,222 square feet
- Tenth‑floor residence with private balcony
- Indoor garage space #51 and a lower‑level storage bin
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,510
Cap Rate
6.35%
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 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$702.9K
$615.1K – $820.1K
NOI $49,204 @ 7.0% cap · market cap 18.92%
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 - Updated interiors, garage parking, and access to shared community amenities complement this upper-floor home.
Where is this residential income property located?
The property is located at 1001 CITY AVENUE Unit WA-1008 Wynnewood, PA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in approximately 1,222 square feet; Tenth‑floor residence with private balcony; Indoor garage space #51 and a lower‑level storage bin
