Updated Condominium
New
For Sale
$399,000
17 GEVREY Unit 17, Devon, PA 19333
The residence offers two bedrooms, two bathrooms, dedicated parking, and access to community amenities.
Property Size1,480 SF
Days on Market7
Property Features for 17 GEVREY Unit 17
General Information
Standard status
Active
Size
1,480 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,708
Amenities
pool
clubhouse
guest accommodations
party accommodations
arboretum grounds
private elevator entrance
balcony
fireplace
Building Details
Building Size
1,480 SF
Year Built
1974
Listing Agency:
BHHS Fox & Roach-Rosemont
Listed By:
Bruce R Kirkpatrick · License #AB065029
(610) 574-4867
Source:
Lizclarkrealestate
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 15 at 6:23AM
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-Rosemont
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Investment Insights
Based on property information with market context.
This 1974 condominium residence has two bedrooms and two bathrooms. Interior improvements include hardwood flooring, an updated eat-in kitchen with accent lighting, and marble bathrooms with custom finishes. The unit also includes a separate storage room and two dedicated parking spaces in the lower level.
Community amenities include a swimming pool, clubhouse with guest accommodations, resident party space, and landscaped arboretum grounds. The property is in Devon, Pennsylvania.
Community amenities include a swimming pool, clubhouse with guest accommodations, resident party space, and landscaped arboretum grounds. The property is in Devon, Pennsylvania.
Key Highlights
- Two‑bedroom, two‑bathroom condominium residence
- Updated eat‑in kitchen with accent lighting and hardwood floors
- Two marble bathrooms with custom finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,048
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,960
$321.0K
Cap Rate 7%
$229,257
$229.3K
Cap Rate 9%
$178,311
$178.3K
Market Conditions
NOI Build-Up for 1,480 SF
Gross rent
$31.6K $21.36/SF
− Vacancy
−$2.4K −$1.64/SF
EGI
$29.2K $19.72/SF
− OpEx
−$13.1K −$8.87/SF
NOI
$16.0K $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%
$320,960
Cap Rate 7%
$229,257
Cap Rate 9%
$178,311
Alternative Uses
Best Use
Apartment 5plus
$229.3K
$200.6K – $267.5K
NOI $16,048 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$448.7K
$392.6K – $523.5K
NOI $31,410 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 19333, PA
7,734
Population
3,039
Households
2.5
Avg Household Size
41
Median Age
83%
College-Educated
99%
High-School Grad
3.7 sq mi
ZIP Area
2,090
Density / Sq Mi
$157,083
Median Household Income
$94,262
Median Earnings
$1,833
Median Rent
$688,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence offers two bedrooms, two bathrooms, dedicated parking, and access to community amenities.
Where is this residential income property located?
The property is located at 17 GEVREY Unit 17 Devon, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium residence; Updated eat‑in kitchen with accent lighting and hardwood floors; Two marble bathrooms with custom finishes
