Corner Residential
For Sale
$449,000
Pending
2 FALCON DRIVE Unit 301, Holland, PA 18966
A two-bedroom residence in a 55+ community includes a covered balcony and access to elevator service.
Property Size1,680 SF
Days on Market21
Property Features for 2 FALCON DRIVE Unit 301
General Information
Standard status
Pending
Size
1,680 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,116
Amenities
intercom system
balcony
Building Details
Building Size
1,680 SF
Year Built
2003
Listing Agency:
Better Homes and Gardens Real Estate - Maturo PA
Listed By:
Ashley Fe Mlodzinski · License #RS325112
(267) 255-7294
Source:
Lizclarkrealestate
Added: Sep 26
Changed: Oct 8
Last Checked: Oct 15 at 4:52AM
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 Better Homes and Gardens Real Estate - Maturo PA
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Investment Insights
Based on property information with market context.
This third-floor corner residence in Holland Preserve has two bedrooms, two full bathrooms, and a larger floor plan than interior units. The layout includes an eat-in kitchen, separate family room, primary suite with walk-in closet, and a second bedroom with access to the adjoining bathroom. A covered, tiled balcony provides outdoor space and additional storage. Interior details include nine-foot ceilings, a 10-foot tray ceiling in the living room, recessed lighting, and a built-in electric fireplace. The HVAC system is 2 years old and includes a humidifier. Custom window treatments, televisions and mounting brackets, the fireplace, a second-bedroom desk, and a laundry-room refrigerator are included.
Holland Preserve is a 55+ community. Building features include secure entry with an intercom, elevator service, shared foyer seating areas, and access to an oversized private garage with parking and storage.
Holland Preserve is a 55+ community. Building features include secure entry with an intercom, elevator service, shared foyer seating areas, and access to an oversized private garage with parking and storage.
Key Highlights
- Two‑bedroom, two‑bath corner residence on the third floor
- Larger floor plan than interior units, with additional windows
- Covered, tiled balcony with storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,801
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,020
$416.0K
Cap Rate 7%
$297,157
$297.2K
Cap Rate 9%
$231,122
$231.1K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$39.1K $23.28/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$37.8K $22.51/SF
− OpEx
−$17.0K −$10.13/SF
NOI
$20.8K $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%
$416,020
Cap Rate 7%
$297,157
Cap Rate 9%
$231,122
Alternative Uses
Best Use
Apartment 5plus
$297.2K
$260.0K – $346.7K
NOI $20,801 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$509.4K
$445.7K – $594.3K
NOI $35,655 @ 7.0% cap · market cap 7.94%
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
352
Businesses Nearby
Explore this area
Business Placement
Demographics for 18966, PA
38,079
Population
14,199
Households
2.7
Avg Household Size
47
Median Age
48%
College-Educated
97%
High-School Grad
16.3 sq mi
ZIP Area
2,336
Density / Sq Mi
$119,741
Median Household Income
$63,712
Median Earnings
$1,840
Median Rent
$466,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom residence in a 55+ community includes a covered balcony and access to elevator service.
Where is this residential income property located?
The property is located at 2 FALCON DRIVE Unit 301 Holland, PA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath corner residence on the third floor; Larger floor plan than interior units, with additional windows; Covered, tiled balcony with storage
