Building Details

Building Size 1,092 SF

Year Built 1973

Listing Agency: RE/MAX Preferred - Newtown Square

Listed By: Michael D'Adamo · License #RM425162 Show Phone

Source: Wagnerrealestate

Added: Sep 24 Changed: Nov 2 Last Checked: Nov 3 at 9:00AM

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Investment Insights

Based on property information with market context.

This 1,092-square-foot residential unit has three bedrooms and two full bathrooms, with a split-level entry leading to the main living area. The kitchen features 42-inch soft-close cabinets, granite counters, stainless steel appliances, gas cooking, a slide-out pantry, and a breakfast bar. A sliding glass door connects the living room to a private deck overlooking mature trees. The unit also includes a washer, dryer, and refrigerator.

The Meadows community provides a playground and seasonal pool access. The condominium association covers water, sewer, trash, and exterior maintenance. The property is within the Spring-Ford School District and has access to Routes 422, 29, and 113, the Perkiomen Trail, and Providence Town Center. Historic downtown Phoenixville is nearby.

Key Highlights

• 1,092‑square‑foot unit with 3 bedrooms and 2 full bathrooms
• Kitchen with granite countertops, 42‑inch soft‑close cabinetry, stainless steel appliances, and gas cooking
• Private deck overlooking mature trees

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,753

Cap Rate

6.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$295,060 $295.1K

Cap Rate 7%

$210,757 $210.8K

Cap Rate 9%

$163,922 $163.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,092 SF

Gross rent

$28.6K $26.16/SF

− Vacancy

−$1.7K −$1.60/SF

EGI

$26.8K $24.56/SF

− OpEx

−$12.1K −$11.05/SF

NOI

$14.8K $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%

$295,060

Cap Rate 7%

$210,757

Cap Rate 9%

$163,922

Alternative Uses

Best Use

Apartment 5plus

$210.8K

$184.4K – $245.9K (±1% cap)

NOI $14,753 @ 7.0% cap · market cap 6.87%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$628.1K

$549.6K – $732.8K (±1% cap)

NOI $43,969 @ 7.0% cap · market cap 20.46%

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

Property Analytics

Lease Details

1

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

181

Businesses Nearby

Explore this area Business Placement

Demographics for 19453, PA

1,338

Population

775

Households

1.7

Avg Household Size

45

Median Age

46%

College-Educated

98%

High-School Grad

0.7 sq mi

ZIP Area

1,911

Density / Sq Mi

$73,826

Median Household Income

$49,788

Median Earnings

$1,761

Median Rent

$255,600

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - The three-bedroom unit includes a private deck, updated kitchen finishes, and access to a seasonal community pool.

Where is this residential income property located?

The property is located at 1012 MEADOWVIEW LANE Unit 1012 Mont Clare, PA.

What is the asking price?

The asking price for this property is $214,900.

What are key features of this property?

This property features: 1,092‑square‑foot unit with 3 bedrooms and 2 full bathrooms; Kitchen with granite countertops, 42‑inch soft‑close cabinetry, stainless steel appliances, and gas cooking; Private deck overlooking mature trees