Two-Bedroom Residential Unit with
For Sale
$295,000
423 CREEKSIDE DRIVE Unit 423, Brookhaven, PA 19015
Single-level living in an over-55 community includes a clubhouse, assigned parking, and exterior maintenance services.
Property Size1,178 SF
Price / SF$250.42
Days on Market21
Property Features for 423 CREEKSIDE DRIVE Unit 423
General Information
Standard status
Active
Size
1,178 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR+Den/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,335
Amenities
clubhouse
Building Details
Building Size
1,178 SF
Year Built
2007
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Anna M Lee · License #AB049982L
(610) 220-7336
Source:
Desantis-realestate
Added: Oct 15
Changed: Nov 2
Last Checked: Nov 3 at 6:42AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,178-square-foot residence in an over-55 community has two bedrooms, a den or office, and two bathrooms. The open living and dining area connects to a kitchen equipped with a dishwasher, stainless steel refrigerator, and stove. Wood-look flooring, ceiling fans, ample closets, and a separate storage unit add practical features. The primary bathroom has an oversized stall shower; the hall bathroom includes a tub and shower. The home was built in 2007.
Community features include a clubhouse, a locked main entrance, stone retaining walls, and illuminated sidewalks. One assigned parking space is included. The association handles common-area upkeep, lawn care, snow removal, trash, water, and ground fees. Shopping, transportation, the airport, and I-95 are nearby.
Community features include a clubhouse, a locked main entrance, stone retaining walls, and illuminated sidewalks. One assigned parking space is included. The association handles common-area upkeep, lawn care, snow removal, trash, water, and ground fees. Shopping, transportation, the airport, and I-95 are nearby.
Key Highlights
- 1,178 square feet of finished space
- Two bedrooms, a den or office, and two full bathrooms
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,809
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,180
$236.2K
Cap Rate 7%
$168,700
$168.7K
Cap Rate 9%
$131,211
$131.2K
Market Conditions
NOI Build-Up for 1,178 SF
Gross rent
$24.9K $21.12/SF
− Vacancy
−$3.4K −$2.89/SF
EGI
$21.5K $18.23/SF
− OpEx
−$9.7K −$8.20/SF
NOI
$11.8K $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%
$236,180
Cap Rate 7%
$168,700
Cap Rate 9%
$131,211
Alternative Uses
Best Use
Apartment 5plus
$168.7K
$147.6K – $196.8K
NOI $11,809 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$357.2K
$312.5K – $416.7K
NOI $25,001 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Explore this area
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 - Single-level living in an over-55 community includes a clubhouse, assigned parking, and exterior maintenance services.
Where is this residential income property located?
The property is located at 423 CREEKSIDE DRIVE Unit 423 Brookhaven, PA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,178 square feet of finished space; Two bedrooms, a den or office, and two full bathrooms; Built in 2007
