Residential Income Property with
407 CARSON TERRACE, Huntingdon Valley, PA 19006
For Sale
New
$449,900
Two bedrooms, a den, private balconies, and two assigned parking spaces are part of this Huntingdon Place residence.
Property Size2,029 SF
Days on Market6
Property Features for 407 CARSON TERRACE
General Information
Standard status
Size
Total Parking Spaces
Elevators
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour attendant
private indoor parking garage
fitness center
indoor pool and spa
community lounges
visitor parking
Building Details
Building Size
Year Built
Listing Agency:
Elite Realty Group Unl. Inc.
Listed By:
Michael Lisitsa · License PA RM418734
(215) 519-0033
Source:
Lizclarkrealestate
Added: Nov 7
Changed: Nov 10
Last Checked: Nov 10 at 2:35PM
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 Elite Realty Group Unl. Inc.
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Investment Insights
Based on property information with market context.
Built in 2008, this Huntingdon Place residence has two bedrooms and a den, with an open living and dining area connected to the kitchen. Interior features include granite counters, 42-inch cabinets, stainless-steel sink, and luxury vinyl plank flooring. The primary suite has a walk-in closet and private bathroom with a Roman tub, separate shower, and double vanity. A second full bathroom, enclosed laundry room, and two private balconies complete the residence.
Community amenities include a 24-hour attendant, indoor parking garage, fitness center, indoor pool and spa, elevators, lounges, and visitor parking. Bethayres Train Station and Pennypack Walking Trails are within walking distance. Two assigned parking spaces are included.
Community amenities include a 24-hour attendant, indoor parking garage, fitness center, indoor pool and spa, elevators, lounges, and visitor parking. Bethayres Train Station and Pennypack Walking Trails are within walking distance. Two assigned parking spaces are included.
Key Highlights
- Two bedrooms and a den
- Built in 2008
- Two private balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,412
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,240
$548.2K
Cap Rate 7%
$391,600
$391.6K
Cap Rate 9%
$304,578
$304.6K
Market Conditions
NOI Build-Up for 2,029 SF
Gross rent
$53.1K $26.16/SF
− Vacancy
−$3.2K −$1.60/SF
EGI
$49.8K $24.56/SF
− OpEx
−$22.4K −$11.05/SF
NOI
$27.4K $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%
$548,240
Cap Rate 7%
$391,600
Cap Rate 9%
$304,578
Alternative Uses
Best Use
Apartment 5plus
$391.6K
$342.7K – $456.9K
NOI $27,412 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,697 @ 7.0% cap · market cap 18.16%
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
$518,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Montgomery County, PA
Properties on Market for Residential income properties in Montgomery County
Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, a den, private balconies, and two assigned parking spaces are part of this Huntingdon Place residence.
Where is this residential income property located?
The property is located at 407 CARSON TERRACE Huntingdon Valley, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two bedrooms and a den; Built in 2008; Two private balconies
