First-Floor Residential Income
For Sale
$270,000
425 OLD FORGE CROSSING, Devon, PA 19333
One-level condominium with a combined living and dining area, full kitchen, private laundry, and access to community amenities.
Property Size775 SF
Days on Market50
Property Features for 425 OLD FORGE CROSSING
General Information
Standard status
Active
Size
775 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,832
Amenities
swimming pool
tennis courts
clubhouse
Building Details
Building Size
775 SF
Year Built
1973
Listing Agency:
Keller Williams Realty Devon-Wayne
Listed By:
Mark D Sweeney · License #AB045453A
(610) 247-3339
Source:
Lizclarkrealestate
Added: Sep 17
Changed: Oct 31
Last Checked: Nov 4 at 9:12PM
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 Devon-Wayne
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Investment Insights
Based on property information with market context.
This one-level, first-floor residential income property is a one-bedroom, one-bathroom condominium with a combined living and dining area. The full kitchen includes a gas stove, built-in microwave, dishwasher, refrigerator, and pantry. The bedroom has two closets, while the bathroom includes both a tub and shower. A separate laundry room contains a full-size washer and dryer, and parking is located in front of the residence.
Built in 1973, the property is within Old Forge Crossing, which provides a swimming pool, tennis courts, and clubhouse. The community also offers organized resident activities. The condominium fee includes cooking, dryer, and hot water gas service, lawn care, snow removal, trash and recycling, and use of the pool and tennis courts. Major highways and public transportation are nearby, with access toward Philadelphia and Wilmington.
Built in 1973, the property is within Old Forge Crossing, which provides a swimming pool, tennis courts, and clubhouse. The community also offers organized resident activities. The condominium fee includes cooking, dryer, and hot water gas service, lawn care, snow removal, trash and recycling, and use of the pool and tennis courts. Major highways and public transportation are nearby, with access toward Philadelphia and Wilmington.
Key Highlights
- One‑bedroom, one‑bathroom condominium with one‑level, first‑floor access
- Full kitchen with gas stove, built‑in microwave, dishwasher, refrigerator, and pantry
- Separate laundry room with full‑size washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,404
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,080
$168.1K
Cap Rate 7%
$120,057
$120.1K
Cap Rate 9%
$93,378
$93.4K
Market Conditions
NOI Build-Up for 775 SF
Gross rent
$16.6K $21.36/SF
− Vacancy
−$1.3K −$1.64/SF
EGI
$15.3K $19.72/SF
− OpEx
−$6.9K −$8.87/SF
NOI
$8.4K $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%
$168,080
Cap Rate 7%
$120,057
Cap Rate 9%
$93,378
Alternative Uses
Best Use
Apartment 5plus
$120.1K
$105.1K – $140.1K
NOI $8,404 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$235.0K
$205.6K – $274.1K
NOI $16,448 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
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Business Placement
Demographics for 19333, PA
7,734
Population
3,039
Households
2.5
Avg Household Size
41
Median Age
83%
College-Educated
99%
High-School Grad
3.7 sq mi
ZIP Area
2,090
Density / Sq Mi
$157,083
Median Household Income
$94,262
Median Earnings
$1,833
Median Rent
$688,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-level condominium with a combined living and dining area, full kitchen, private laundry, and access to community amenities.
Where is this residential income property located?
The property is located at 425 OLD FORGE CROSSING Devon, PA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom condominium with one‑level, first‑floor access; Full kitchen with gas stove, built‑in microwave, dishwasher, refrigerator, and pantry; Separate laundry room with full‑size washer and dryer
