Corner Residential Income
For Sale
$345,000
Pending
345 CARSON TERRACE, Huntingdon Valley, PA 19006
Two-bedroom corner condo with a balcony, garage parking, open living areas, and extensive community amenities.
Property Size1,374 SF
Days on Market56
Property Features for 345 CARSON TERRACE
General Information
Standard status
Pending
Size
1,374 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,908
Amenities
24-hour lobby attendant
indoor pool
fitness center
community room
covered parking garage
balcony
in-unit laundry
Building Details
Building Size
1,374 SF
Year Built
2010
Listing Agency:
Keller Williams Realty Group
Listed By:
Kathleen Gilmore · License #RS284337
(610) 212-4330
Source:
Lizclarkrealestate
Added: Sep 9
Changed: Oct 31
Last Checked: Nov 3 at 3:25PM
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 Realty Group
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Investment Insights
Based on property information with market context.
This 2010-built corner condominium offers a two-bedroom, two-bath layout with an open kitchen, dining, and living area. The residence includes three sets of sliding glass doors, an additional window, a private balcony, courtyard outlooks, in-unit laundry, and a primary suite with two closets, a double vanity, soaking tub, separate shower, and linen storage. The kitchen is equipped with cherry cabinetry, granite counters, and a raised breakfast bar. Fresh paint and new bedroom carpeting are also included.
Two assigned garage parking spaces are positioned beside the elevator, with the unit located a short distance from the elevator. Huntingdon Place provides a 24-hour lobby attendant, indoor heated pool, fitness center, community rooms, covered garage parking, security and concierge service, and guest parking. The property is near Pennypack Park walking trail, Holy Redeemer Hospital, Beth Ayres train station, and community shops and restaurants. The association fee includes water, gas, grounds maintenance, and listed amenities.
Two assigned garage parking spaces are positioned beside the elevator, with the unit located a short distance from the elevator. Huntingdon Place provides a 24-hour lobby attendant, indoor heated pool, fitness center, community rooms, covered garage parking, security and concierge service, and guest parking. The property is near Pennypack Park walking trail, Holy Redeemer Hospital, Beth Ayres train station, and community shops and restaurants. The association fee includes water, gas, grounds maintenance, and listed amenities.
Key Highlights
- Two‑bedroom, two‑bath corner condo built in 2010
- Two assigned garage parking spaces beside the elevator
- Private balcony with landscaped courtyard views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,563
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,260
$371.3K
Cap Rate 7%
$265,186
$265.2K
Cap Rate 9%
$206,256
$206.3K
Market Conditions
NOI Build-Up for 1,374 SF
Gross rent
$35.9K $26.16/SF
− Vacancy
−$2.2K −$1.60/SF
EGI
$33.8K $24.56/SF
− OpEx
−$15.2K −$11.05/SF
NOI
$18.6K $13.51/SF
Area
Montgomery County, PA
Vacancy
6.10%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,260
Cap Rate 7%
$265,186
Cap Rate 9%
$206,256
Alternative Uses
Best Use
Apartment 5plus
$265.2K
$232.0K – $309.4K
NOI $18,563 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$790.3K
$691.6K – $922.1K
NOI $55,324 @ 7.0% cap · market cap 16.04%
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
671
Businesses Nearby
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Business Placement
Demographics for 19006, PA
23,148
Population
8,691
Households
2.7
Avg Household Size
45
Median Age
54%
College-Educated
96%
High-School Grad
13.3 sq mi
ZIP Area
1,740
Density / Sq Mi
$124,302
Median Household Income
$60,236
Median Earnings
$1,430
Median Rent
$518,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom corner condo with a balcony, garage parking, open living areas, and extensive community amenities.
Where is this residential income property located?
The property is located at 345 CARSON TERRACE Huntingdon Valley, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath corner condo built in 2010; Two assigned garage parking spaces beside the elevator; Private balcony with landscaped courtyard views
