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Residential Income Property with Balconies
For Sale
$399,900

366 CARSON TERRACE, Huntingdon Valley, PA 19006

Two-bedroom condominium with an open living, dining, and kitchen layout, plus assigned covered parking.

Property Size1,882 SF
Price / SF$212.49
Days on Market12

Property Features for 366 CARSON TERRACE

General Information

Standard status Active
Size 1,882 SF
Property subtype Unit/Flat/Apartment

Units

Unit Mix 1 x 2BR/2BA
Multifamily Units 1

Taxes and HOA fees

Annual Taxes $7,847

Amenities

indoor pool
hot tub
fitness center
sauna
jogging/walking paths
24-hour security
concierge
covered parking
in-unit laundry
balconies

Building Details

Building Size 1,882 SF
Year Built 2010
Listing Agency: BHHS Fox & Roach-Southampton
Listed By: Jodi Costin · License #RS147766A
Source: Lizclarkrealestate
Added: Sep 25 Changed: Oct 3 Last Checked: Oct 6 at 12:26AM

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 BHHS Fox & Roach-Southampton

Investment Insights

Based on property information with market context.

This 1,882-square-foot condominium has two bedrooms and two bathrooms, with an open arrangement connecting the living, dining, and kitchen areas. The remodeled eat-in kitchen includes granite countertops, a breakfast bar, flat-panel cabinetry, an LG InstaView refrigerator, and an Avantium oven/microwave combination. Bamboo hardwood flooring is installed throughout most of the unit. The primary suite has an en-suite bathroom with a soaking tub and separate shower, and an adjacent home office. In-unit laundry and two balconies add everyday functionality. The building was constructed in 2010.

Residents have access to an indoor pool, hot tub, fitness center, sauna, walking and jogging paths, and maintained common grounds. Building services include 24-hour security and a staffed lobby desk with concierge. Assigned covered parking is provided. The association fee covers common-area maintenance, gas, water, and other items.

Key Highlights

  • 1,882‑square‑foot condominium with two bedrooms and two bathrooms
  • Two balconies and assigned covered parking
  • Remodeled eat‑in kitchen with granite counters, breakfast bar, LG InstaView refrigerator, and Avantium oven/microwave

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$25,426
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,520 $508.5K
Cap Rate 7%
$363,229 $363.2K
Cap Rate 9%
$282,511 $282.5K
Market Conditions
NOI Build-Up for 1,882 SF
Gross rent
$49.2K $26.16/SF
− Vacancy
−$3.0K −$1.60/SF
EGI
$46.2K $24.56/SF
− OpEx
−$20.8K −$11.05/SF
NOI
$25.4K $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%
$508,520
Cap Rate 7%
$363,229
Cap Rate 9%
$282,511

Alternative Uses

Best Use
Apartment 5plus
$363.2K
$317.8K – $423.8K (±1% cap)
NOI $25,426 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.08M
$947.2K – $1.26M (±1% cap)
NOI $75,778 @ 7.0% cap · market cap 18.95%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Daycare Center Garden Center Locksmith Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

673
Businesses Nearby

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 condominium with an open living, dining, and kitchen layout, plus assigned covered parking.
Where is this residential income property located?
The property is located at 366 CARSON TERRACE Huntingdon Valley, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,882‑square‑foot condominium with two bedrooms and two bathrooms; Two balconies and assigned covered parking; Remodeled eat‑in kitchen with granite counters, breakfast bar, LG InstaView refrigerator, and Avantium oven/microwave
More about this property
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