Listing Agency: Realty One Group Restore - Collegeville Show Phone

Listed By: Terri Lynn Murgitroyde · License #RS367043 Show Phone

Source: Cummingsrealtors

Added: Aug 30 Changed: Nov 1 Last Checked: Nov 3 at 7:24AM

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Investment Insights

Based on property information with market context.

This new residential income property is a 1000-square-foot apartment at 1037 W High Street Apt 1 in Stowe, Pennsylvania. The two-bedroom, one-bath layout includes an open-concept living area, chef’s kitchen, modern bathroom, and luxury vinyl flooring. A dedicated washer and dryer are included within the unit.

The property offers a large parking lot and access to public transportation. Regional connectivity includes routes 422, 100, 663, and 724, providing multiple travel options from the Stowe location.

Key Highlights

• 1000‑square‑foot apartment with 2 bedrooms and 1 bath
• Open‑concept layout with chef's kitchen
• Modern bathroom and luxury vinyl flooring

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,510

Suggested Prices Based on Cap Rates

Cap Rate 5%

$270,200 $270.2K

Cap Rate 7%

$193,000 $193.0K

Cap Rate 9%

$150,111 $150.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,000 SF

Gross rent

$26.2K $26.16/SF

− Vacancy

−$1.6K −$1.60/SF

EGI

$24.6K $24.56/SF

− OpEx

−$11.1K −$11.05/SF

NOI

$13.5K $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%

$270,200

Cap Rate 7%

$193,000

Cap Rate 9%

$150,111

Alternative Uses

Best Use

Apartment 5plus

$193.0K

$168.9K – $225.2K (±1% cap)

NOI $13,510 @ 7.0% cap · market cap 614.09%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$575.2K

$503.3K – $671.1K (±1% cap)

NOI $40,265 @ 7.0% cap · market cap 1,830.23%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

1

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

516

Businesses Nearby

Explore this area Business Placement

Demographics for 19464, PA

48,409

Population

19,985

Households

2.4

Avg Household Size

39

Median Age

28%

College-Educated

91%

High-School Grad

25.6 sq mi

ZIP Area

1,891

Density / Sq Mi

$76,338

Median Household Income

$44,888

Median Earnings

$1,226

Median Rent

$231,700

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - New apartment with contemporary finishes, in-unit laundry, and access to extensive on-site parking.

Where is this residential income property located?

The property is located at 1037 W HIGH STREET APT 1 Stowe, PA.

What are key features of this property?

This property features: 1000‑square‑foot apartment with 2 bedrooms and 1 bath; Open‑concept layout with chef's kitchen; Modern bathroom and luxury vinyl flooring