One-Bedroom Residential Income Property with
For Sale
$275,000
191 PRESIDENTIAL BOULEVARD Unit R-630, Bala Cynwyd, PA 19004
Renovated one-bedroom, one-bath residence with a private covered balcony, in-unit washer and dryer, and dedicated garage parking.
Days on Market24
Property Features for 191 PRESIDENTIAL BOULEVARD Unit R-630
General Information
Standard status
Active
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
private balcony
in-unit washer and dryer
valet parking
24-hour concierge
outdoor swimming pool
tennis courts
fitness center
game room
laundry facilities
weekly car wash
storage unit
Building Details
Building Size
1,190 SF
Year Built
1961
Listing Agency:
KW Empower
(267) 201-7980
Listed By:
Sofia Garsed · License #rs376762
(267) 201-7980
Source:
Patmckennarealtors
Added: Jul 8
Changed: Jul 30
Last Checked: Jul 30 at 10:53AM
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 KW Empower
Investment Insights
Based on property information with market context.
This renovated one-bedroom, one-bath residence offers an expansive open layout with wide-plank flooring and oversized windows. The living and dining areas feature a stacked-stone accent wall, and the kitchen has been recently updated with quartz countertops, custom cabinetry, a wine cooler, and stainless-steel appliances, plus a large peninsula with seating. A private covered balcony provides outdoor space with treetop views. The home also includes an in-unit washer and dryer, and a recently renovated bathroom with marble-inspired tile and a glass-enclosed walk-in shower. For added convenience, there is a dedicated parking space in the garage and a separate storage unit. Built in 1961, this condominium is part of a full-service community.
Residents have access to valet parking, a 24-hour concierge, an outdoor swimming pool, tennis courts, and a fully equipped fitness center. Additional amenities include a game room, extra laundry facilities, weekly car wash, and well-maintained common areas.
The property is in Bala Cynwyd, with convenient proximity to Center City Philadelphia, Suburban Square, City Avenue shopping and dining, the Bala Cynwyd Trail, and major highways.
Residents have access to valet parking, a 24-hour concierge, an outdoor swimming pool, tennis courts, and a fully equipped fitness center. Additional amenities include a game room, extra laundry facilities, weekly car wash, and well-maintained common areas.
The property is in Bala Cynwyd, with convenient proximity to Center City Philadelphia, Suburban Square, City Avenue shopping and dining, the Bala Cynwyd Trail, and major highways.
Key Highlights
- Renovated one‑bedroom, one‑bath residence with an open living and dining layout
- Kitchen update includes quartz countertops, custom cabinetry, wine cooler, and stainless‑steel appliances
- In‑unit washer and dryer plus a separate storage unit
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.1k | $26.16 |
| − Vacancy | −$1.9k | −$1.60 |
| EGI | $29.2k | $24.56 |
| − OpEx | −$13.2k | −$11.05 |
| NOI | $16.1k | $13.51 |
1,190 SF · lease $26.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$229.7K
$201.0K – $268.0K
NOI $16,077 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$684.5K
$598.9K – $798.6K
NOI $47,915 @ 7.0% cap · market cap 17.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,457
Businesses Nearby
Explore this area
Business Placement
Demographics for 19004, PA
10,668
Population
4,453
Households
2.4
Avg Household Size
41
Median Age
73%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
3,951
Density / Sq Mi
$143,781
Median Household Income
$81,909
Median Earnings
$1,791
Median Rent
$616,000
Median Home Value
Market
Properties on Market for Residential income properties in Montgomery County
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated one-bedroom, one-bath residence with a private covered balcony, in-unit washer and dryer, and dedicated garage parking.
Where is this residential income property located?
The property is located at 191 PRESIDENTIAL BOULEVARD Unit R-630 Bala Cynwyd, 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: Renovated one‑bedroom, one‑bath residence with an open living and dining layout; Kitchen update includes quartz countertops, custom cabinetry, wine cooler, and stainless‑steel appliances; In‑unit washer and dryer plus a separate storage unit
