Fully Leased 5-Unit Apartment
2040 CREEK ROAD Glenmoore, PA 19343
New
2040 CREEK ROAD, Glenmoore, PA, 19343
$749,900
For Sale
$749,900
Five fully leased units feature separate electric meters and off-street parking along Creek Road.
Property Size5,833 SF
Price / SF$128.56
Days on Market7
Property Features for 2040 CREEK ROAD
General Information
- Standard status
- Active
- Size
- 5,833 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
Keller Williams Platinum Realty - Wyomissing
(484) 364-1106
Listed by
Susan F McFadden · License #RS297203
(484) 364-1106
Source
Cummingsrealtors
Added: Jul 12 Checked: Jul 17 at 5:54 am
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 Keller Williams Platinum Realty - Wyomissing
Investment Insights
Based on property information with market context.
This fully leased 5-unit apartment building offers a mix of two 1-bedroom units, two 2-bedroom units, and one 3-bedroom unit. The property has been well cared for and includes ample off-street parking. Separate electric meters help simplify building-level utilities management. Unit #3 has been recently updated.
The building is located along historic Creek Road in Wallace Township and is positioned for convenient access to shopping, restaurants, and public transportation. Downingtown Schools.
For additional details on current income, operating expenses, and to arrange a private tour, contact the listing agent.
The building is located along historic Creek Road in Wallace Township and is positioned for convenient access to shopping, restaurants, and public transportation. Downingtown Schools.
For additional details on current income, operating expenses, and to arrange a private tour, contact the listing agent.
Key Highlights
- Fully leased 5‑unit multi‑family property in Wallace Township along historic Creek Road
- Unit mix includes two 1‑bedroom units, two 2‑bedroom units, and one 3‑bedroom unit
- Separate electric meters for the units help simplify management
Local 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 | $124.6k | $21.36 |
| − Vacancy | −$9.6k | −$1.64 |
| EGI | $115.0k | $19.72 |
| − OpEx | −$51.7k | −$8.87 |
| NOI | $63.2k | $10.84 |
5,833 SF · lease $21.36/SF/yr · vacancy 7.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$903.6K
$790.6K – $1.05M
NOI $63,250 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,795 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five fully leased units feature separate electric meters and off-street parking along Creek Road.
Where is this apartment building located?
The property is located at 2040 CREEK ROAD Glenmoore, PA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Fully leased 5‑unit multi‑family property in Wallace Township along historic Creek Road; Unit mix includes two 1‑bedroom units, two 2‑bedroom units, and one 3‑bedroom unit; Separate electric meters for the units help simplify management
