Condominium with Private
For Sale
$249,900
3024 VALLEY DRIVE Unit 3024, West Chester, PA 19382
Two bedrooms, updated interior finishes, and access to shared recreation facilities distinguish this Goshen Valley residence.
Property Size945 SF
Price / SF$264.44
Days on Market65
Property Features for 3024 VALLEY DRIVE Unit 3024
General Information
Standard status
Active
Size
945 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,583
Amenities
private balcony
community swimming pool
tennis courts
clubhouse
playground
common areas
Building Details
Building Size
945 SF
Year Built
1987
Listing Agency:
Coldwell Banker Realty
Listed By:
Erica Dyer · License #AB069154
(610) 883-1216
Source:
Desantis-realestate
Added: Aug 25
Changed: Oct 27
Last Checked: Oct 27 at 3:45AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 945-square-foot, two-bedroom condominium in Goshen Valley includes an open living area, granite countertops, stainless steel appliances, and a private balcony. The residence was built in 1987 and is vacant. Its layout and features support either owner occupancy or rental use.
Residents have access to a community swimming pool, tennis courts, clubhouse, playground, and maintained common areas. The property is minutes from downtown West Chester restaurants, shops, and entertainment, with access to major roadways.
Residents have access to a community swimming pool, tennis courts, clubhouse, playground, and maintained common areas. The property is minutes from downtown West Chester restaurants, shops, and entertainment, with access to major roadways.
Key Highlights
- 945‑square‑foot condominium with two bedrooms
- Private balcony off the residence
- Granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,247
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,940
$204.9K
Cap Rate 7%
$146,386
$146.4K
Cap Rate 9%
$113,856
$113.9K
Market Conditions
NOI Build-Up for 945 SF
Gross rent
$20.2K $21.36/SF
− Vacancy
−$1.6K −$1.64/SF
EGI
$18.6K $19.72/SF
− OpEx
−$8.4K −$8.87/SF
NOI
$10.2K $10.84/SF
Area
Chester County, PA
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,940
Cap Rate 7%
$146,386
Cap Rate 9%
$113,856
Alternative Uses
Best Use
Apartment 5plus
$146.4K
$128.1K – $170.8K
NOI $10,247 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$286.5K
$250.7K – $334.3K
NOI $20,056 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
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Business Placement
Demographics for 19382, PA
52,498
Population
21,798
Households
2.4
Avg Household Size
40
Median Age
64%
College-Educated
98%
High-School Grad
46.1 sq mi
ZIP Area
1,139
Density / Sq Mi
$126,159
Median Household Income
$58,596
Median Earnings
$1,788
Median Rent
$542,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, updated interior finishes, and access to shared recreation facilities distinguish this Goshen Valley residence.
Where is this residential income property located?
The property is located at 3024 VALLEY DRIVE Unit 3024 West Chester, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 945‑square‑foot condominium with two bedrooms; Private balcony off the residence; Granite countertops and stainless steel appliances
