Residential Income
For Sale
$241,000
Pending
18 HATTERS COURT, Hatboro, PA 19040
The upper-level condominium includes a remodeled kitchen, two bedrooms, and a covered balcony.
Property Size919 SF
Days on Market35
Property Features for 18 HATTERS COURT
General Information
Standard status
Pending
Size
919 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,603
Amenities
private covered balcony
Building Details
Building Size
919 SF
Year Built
1967
Listing Agency:
RE/MAX Centre Realtors
Listed By:
Andrew Sundell · License #AB068606
(215) 350-3530
Source:
Desantis-realestate
Added: Sep 25
Changed: Oct 27
Last Checked: Oct 27 at 3:30AM
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 Centre Realtors
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Investment Insights
Based on property information with market context.
This upper-level condominium has two bedrooms and one full bathroom, with a remodeled kitchen and a private covered balcony. The property was built in 1967 and includes dedicated parking.
The home is in the Hatboro-Horsham School District, within walking distance of Crooked Billet Elementary School. SEPTA access and Hatboro Borough shops and restaurants are nearby.
The home is in the Hatboro-Horsham School District, within walking distance of Crooked Billet Elementary School. SEPTA access and Hatboro Borough shops and restaurants are nearby.
Key Highlights
- Two bedrooms and one full bathroom
- Remodeled kitchen
- Private covered balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,416
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,320
$248.3K
Cap Rate 7%
$177,371
$177.4K
Cap Rate 9%
$137,956
$138.0K
Market Conditions
NOI Build-Up for 919 SF
Gross rent
$24.0K $26.16/SF
− Vacancy
−$1.5K −$1.60/SF
EGI
$22.6K $24.56/SF
− OpEx
−$10.2K −$11.05/SF
NOI
$12.4K $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%
$248,320
Cap Rate 7%
$177,371
Cap Rate 9%
$137,956
Alternative Uses
Best Use
Apartment 5plus
$177.4K
$155.2K – $206.9K
NOI $12,416 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$528.6K
$462.5K – $616.7K
NOI $37,003 @ 7.0% cap · market cap 15.35%
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
821
Businesses Nearby
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Business Placement
Demographics for 19040, PA
22,396
Population
8,277
Households
2.7
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
5.9 sq mi
ZIP Area
3,796
Density / Sq Mi
$109,207
Median Household Income
$53,603
Median Earnings
$1,657
Median Rent
$367,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The upper-level condominium includes a remodeled kitchen, two bedrooms, and a covered balcony.
Where is this residential income property located?
The property is located at 18 HATTERS COURT Hatboro, PA.
What is the asking price?
The asking price for this property is $241,000.
What are key features of this property?
This property features: Two bedrooms and one full bathroom; Remodeled kitchen; Private covered balcony
