Penthouse Residential Income
For Sale
$399,900
516 CARSON TERRACE, Huntingdon Valley, PA 19006
Maintenance-free condominium with open living areas, a private balcony, and extensive building amenities.
Property Size1,592 SF
Days on Market256
Property Features for 516 CARSON TERRACE
General Information
Standard status
Active
Size
1,592 SF
Total Parking Spaces
2
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,470
Amenities
24-hour lobby attendant
indoor pool
community room
24-hour fitness center
covered parking garage
private balcony
laundry
Building Details
Building Size
1,592 SF
Year Built
2008
Listing Agency:
Elite Realty Group Unl. Inc.
Listed By:
Joseph B Bograd · License #AB066484
(267) 246-9729
Source:
Lizclarkrealestate
Added: Feb 5
Changed: Oct 7
Last Checked: Oct 19 at 5:34PM
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
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This penthouse condominium combines an open main living level with practical separation between private and shared spaces. The kitchen includes tall cabinetry, stainless steel appliances, granite countertops, and a breakfast bar, while porcelain flooring extends through the foyer. Glass doors connect the living and dining area to a private balcony. Two bedrooms and their full bathrooms are positioned on the first floor, including a primary suite with a double-sink vanity, stand-up shower, and soaking tub. An elevated loft overlooks the living room and can serve as an office or additional bedroom.
Huntingdon Place provides a 24-hour lobby attendant, indoor pool, community room, 24-hour fitness center, and covered parking garage. The property includes two deeded parking spots, and the association fee covers water and sewer. Built in 2008, the condominium offers a combination of private outdoor space, flexible interior layout, and on-site shared amenities.
Huntingdon Place provides a 24-hour lobby attendant, indoor pool, community room, 24-hour fitness center, and covered parking garage. The property includes two deeded parking spots, and the association fee covers water and sewer. Built in 2008, the condominium offers a combination of private outdoor space, flexible interior layout, and on-site shared amenities.
Key Highlights
- Penthouse condo with open kitchen, dining, and living areas
- Two bedrooms, each with access to a full bathroom
- Loft area overlooking the living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,508
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,160
$430.2K
Cap Rate 7%
$307,257
$307.3K
Cap Rate 9%
$238,978
$239.0K
Market Conditions
NOI Build-Up for 1,592 SF
Gross rent
$41.6K $26.16/SF
− Vacancy
−$2.5K −$1.60/SF
EGI
$39.1K $24.56/SF
− OpEx
−$17.6K −$11.05/SF
NOI
$21.5K $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%
$430,160
Cap Rate 7%
$307,257
Cap Rate 9%
$238,978
Alternative Uses
Best Use
Apartment 5plus
$307.3K
$268.9K – $358.5K
NOI $21,508 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$915.7K
$801.3K – $1.07M
NOI $64,101 @ 7.0% cap · market cap 16.03%
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
673
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 - Maintenance-free condominium with open living areas, a private balcony, and extensive building amenities.
Where is this residential income property located?
The property is located at 516 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: Penthouse condo with open kitchen, dining, and living areas; Two bedrooms, each with access to a full bathroom; Loft area overlooking the living room
