Residential Income Property with Roof
For Sale
$419,900
11311 CENTENNIAL STATION, Warminster, PA 18974
A three-bedroom penthouse in a 55-plus community includes a private outdoor deck and access to an extensive activity center.
Property Size1,814 SF
Price / SF$231.48
Days on Market20
Property Features for 11311 CENTENNIAL STATION
General Information
Standard status
Active
Size
1,814 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,187
Amenities
indoor heated pool
exercise room
billiard room
card room
library
grand ballroom
private roof deck
Building Details
Building Size
1,814 SF
Year Built
2001
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 27 at 3:42AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 2001 penthouse offers three bedrooms, two full bathrooms, a formal dining room, and an expanded eat-in kitchen with granite countertops. The living room opens to a private roof deck measuring 375 square feet. The main bedroom includes a walk-in closet and a separate sitting and dressing area.
The home is in Centennial Station, a 55-plus community in Warminster, and sits across from the activity center. Community amenities include a heated indoor 25-meter pool, exercise room, billiard room, card room, library, and ballroom. The source also notes a parking surplus in the building.
The home is in Centennial Station, a 55-plus community in Warminster, and sits across from the activity center. Community amenities include a heated indoor 25-meter pool, exercise room, billiard room, card room, library, and ballroom. The source also notes a parking surplus in the building.
Key Highlights
- Three‑bedroom, two‑bathroom penthouse
- Private roof deck measures 375 square feet
- Expanded eat‑in kitchen with granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,460
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,200
$449.2K
Cap Rate 7%
$320,857
$320.9K
Cap Rate 9%
$249,556
$249.6K
Market Conditions
NOI Build-Up for 1,814 SF
Gross rent
$42.2K $23.28/SF
− Vacancy
−$1.4K −$0.77/SF
EGI
$40.8K $22.51/SF
− OpEx
−$18.4K −$10.13/SF
NOI
$22.5K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,200
Cap Rate 7%
$320,857
Cap Rate 9%
$249,556
Alternative Uses
Best Use
Apartment 5plus
$320.9K
$280.8K – $374.3K
NOI $22,460 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$550.0K
$481.2K – $641.7K
NOI $38,499 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
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Business Placement
Demographics for 18974, PA
42,507
Population
17,970
Households
2.4
Avg Household Size
47
Median Age
39%
College-Educated
95%
High-School Grad
19.7 sq mi
ZIP Area
2,158
Density / Sq Mi
$99,724
Median Household Income
$57,726
Median Earnings
$1,634
Median Rent
$407,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom penthouse in a 55-plus community includes a private outdoor deck and access to an extensive activity center.
Where is this residential income property located?
The property is located at 11311 CENTENNIAL STATION Warminster, PA.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom penthouse; Private roof deck measures 375 square feet; Expanded eat‑in kitchen with granite countertops
