Residential Income Property with Screened
For Sale
$275,000
16 CHANDLER DRIVE Unit 16, West Chester, PA 19380
The unit includes washer and dryer hookups, a detached carport, and access to community pool and tennis amenities.
Property Size1,197 SF
Price / SF$229.74
Days on Market15
Property Features for 16 CHANDLER DRIVE Unit 16
General Information
Standard status
Active
Size
1,197 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,994
Amenities
outdoor pool
tennis courts
screened in porch
washer and dryer hookups
Building Details
Building Size
1,197 SF
Year Built
1978
Construction
traditional
Listing Agency:
RE/MAX Professional Realty
Listed By:
Laurie E Keen · License #AB066918
(610) 304-2050
Source:
Desantis-realestate
Added: Oct 14
Changed: Oct 27
Last Checked: Oct 27 at 3:38AM
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 RE/MAX Professional Realty
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Investment Insights
Based on property information with market context.
This 1,197-square-foot residential unit was built in 1978 and includes a screened porch, washer and dryer hookups, and a detached carport. The porch overlooks a golf course and landscaped grounds. Community amenities include an outdoor pool and tennis courts.
The property is in West Chester, Pennsylvania. The association fee covers water, trash removal, and exterior building maintenance.
The property is in West Chester, Pennsylvania. The association fee covers water, trash removal, and exterior building maintenance.
Key Highlights
- 1,197‑square‑foot residential unit built in 1978
- Screened porch with a golf course view
- Detached carport and washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,980
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,600
$259.6K
Cap Rate 7%
$185,429
$185.4K
Cap Rate 9%
$144,222
$144.2K
Market Conditions
NOI Build-Up for 1,197 SF
Gross rent
$25.6K $21.36/SF
− Vacancy
−$2.0K −$1.64/SF
EGI
$23.6K $19.72/SF
− OpEx
−$10.6K −$8.87/SF
NOI
$13.0K $10.84/SF
Area
Chester County, PA
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,600
Cap Rate 7%
$185,429
Cap Rate 9%
$144,222
Alternative Uses
Best Use
Apartment 5plus
$185.4K
$162.3K – $216.3K
NOI $12,980 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.9K
$317.6K – $423.4K
NOI $25,404 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
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Business Placement
Demographics for 19380, PA
50,692
Population
21,490
Households
2.4
Avg Household Size
43
Median Age
64%
College-Educated
97%
High-School Grad
30.5 sq mi
ZIP Area
1,662
Density / Sq Mi
$122,876
Median Household Income
$69,599
Median Earnings
$1,820
Median Rent
$530,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes washer and dryer hookups, a detached carport, and access to community pool and tennis amenities.
Where is this residential income property located?
The property is located at 16 CHANDLER DRIVE Unit 16 West Chester, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,197‑square‑foot residential unit built in 1978; Screened porch with a golf course view; Detached carport and washer and dryer hookups
