Residential Income Property with
For Sale
$155,000
Pending
280 BRIDGEWATER ROAD Unit F1, Brookhaven, PA 19015
The condo includes in-unit laundry, a private parking space, and access to a community outdoor pool.
Property Size924 SF
Days on Market76
Property Features for 280 BRIDGEWATER ROAD Unit F1
General Information
Standard status
Pending
Size
924 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,965
Amenities
main-floor walkout
in-unit laundry
outdoor pool
Building Details
Building Size
924 SF
Year Built
1972
Listing Agency:
Keller Williams Real Estate -Exton
Listed By:
Douglas S Strickland · License #RS275319
(610) 724-3801
Source:
Wagnerrealestate
Added: Aug 21
Changed: Nov 2
Last Checked: Nov 3 at 8:59AM
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 Real Estate -Exton
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Investment Insights
Based on property information with market context.
This 924-square-foot condo, built in 1972, has two bedrooms and two bathrooms. The kitchen features painted cabinetry and granite countertops, while the living area receives natural light. A main-floor walkout provides direct outdoor access, and laundry is located within the unit.
The property includes one dedicated parking space, with additional guest parking available. The community has an outdoor pool. The condo fee covers heat, hot and cold water, trash, and sewer.
The property includes one dedicated parking space, with additional guest parking available. The community has an outdoor pool. The condo fee covers heat, hot and cold water, trash, and sewer.
Key Highlights
- 924‑square‑foot condo with two bedrooms and two bathrooms
- Kitchen with painted cabinetry and granite countertops
- Main‑floor walkout and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,263
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,260
$185.3K
Cap Rate 7%
$132,329
$132.3K
Cap Rate 9%
$102,922
$102.9K
Market Conditions
NOI Build-Up for 924 SF
Gross rent
$19.5K $21.12/SF
− Vacancy
−$2.7K −$2.89/SF
EGI
$16.8K $18.23/SF
− OpEx
−$7.6K −$8.20/SF
NOI
$9.3K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,260
Cap Rate 7%
$132,329
Cap Rate 9%
$102,922
Alternative Uses
Best Use
Apartment 5plus
$132.3K
$115.8K – $154.4K
NOI $9,263 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$280.1K
$245.1K – $326.8K
NOI $19,610 @ 7.0% cap · market cap 12.65%
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
230
Businesses Nearby
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Business Placement
Demographics for 19015, PA
16,260
Population
7,160
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
2.9 sq mi
ZIP Area
5,607
Density / Sq Mi
$84,783
Median Household Income
$49,480
Median Earnings
$1,170
Median Rent
$232,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo includes in-unit laundry, a private parking space, and access to a community outdoor pool.
Where is this residential income property located?
The property is located at 280 BRIDGEWATER ROAD Unit F1 Brookhaven, PA.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 924‑square‑foot condo with two bedrooms and two bathrooms; Kitchen with painted cabinetry and granite countertops; Main‑floor walkout and in‑unit laundry
