Two-Bedroom Residential
For Sale
$299,900
Pending
56004 DELAIRE LANDING ROAD Unit 7D, Philadelphia, PA 19114
Updated interiors include hardwood flooring, central air and heating, and a full suite of stainless steel kitchen appliances.
Property Size1,027 SF
Days on Market33
Property Features for 56004 DELAIRE LANDING ROAD Unit 7D
General Information
Standard status
Pending
Size
1,027 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast Philadelphia
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,061
Building Details
Building Size
1,027 SF
Year Built
1972
Listing Agency:
Century 21 Forrester Real Estate
Listed By:
Michael A Giangiordano II · License #RS338459
(267) 688-1449
Source:
Lizclarkrealestate
Added: Sep 30
Changed: Oct 31
Last Checked: Nov 1 at 2:44PM
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 Century 21 Forrester Real Estate
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Investment Insights
Based on property information with market context.
This residential condominium contains two bedrooms and two full bathrooms, with a layout that connects the living room, dining area, and kitchen. Hardwood flooring extends across those common areas. The kitchen is equipped with granite countertops, a tile backsplash, ample cabinetry and counter space, and stainless steel appliances, including a gas range, refrigerator, microwave, and dishwasher. Central air and heating serve the unit. The building dates to 1972.
The property is in Delaire Landing in Philadelphia. Major highways and public transportation are nearby, with access to Center City Philadelphia.
The property is in Delaire Landing in Philadelphia. Major highways and public transportation are nearby, with access to Center City Philadelphia.
Key Highlights
- Two bedrooms and two full bathrooms
- Hardwood floors through the living room, dining area, and kitchen
- Kitchen includes granite counters, tile backsplash, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,154
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,080
$323.1K
Cap Rate 7%
$230,771
$230.8K
Cap Rate 9%
$179,489
$179.5K
Market Conditions
NOI Build-Up for 1,027 SF
Gross rent
$31.2K $30.36/SF
− Vacancy
−$1.8K −$1.76/SF
EGI
$29.4K $28.60/SF
− OpEx
−$13.2K −$12.87/SF
NOI
$16.2K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,080
Cap Rate 7%
$230,771
Cap Rate 9%
$179,489
Alternative Uses
Best Use
Apartment 5plus
$230.8K
$201.9K – $269.2K
NOI $16,154 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$250.4K
$219.1K – $292.1K
NOI $17,526 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 19114, PA
32,645
Population
14,703
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
5.6 sq mi
ZIP Area
5,829
Density / Sq Mi
$76,076
Median Household Income
$48,257
Median Earnings
$1,369
Median Rent
$276,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interiors include hardwood flooring, central air and heating, and a full suite of stainless steel kitchen appliances.
Where is this residential income property located?
The property is located at 56004 DELAIRE LANDING ROAD Unit 7D Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Hardwood floors through the living room, dining area, and kitchen; Kitchen includes granite counters, tile backsplash, and stainless steel appliances
