Residential Income Property with
576 CARSON TERRACE, Huntingdon Valley, PA 19006
For Sale
$449,900
Corner condominium with two bedrooms, flexible loft space, private balconies, and shared building amenities.
Property Size1,504 SF
Days on Market50
Property Features for 576 CARSON TERRACE
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour lobby attendant
indoor swimming pool
fitness center
community room
covered parking garage
scenic walking path
Building Details
Building Size
Year Built
Listing Agency:
Quinn & Wilson, Inc.
Listed By:
Renee M Meister · License #RS312308
(267) 879-9146
Source:
Lizclarkrealestate
Added: Sep 19
Changed: Nov 3
Last Checked: Nov 6 at 4:03PM
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 Quinn & Wilson, Inc.
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Investment Insights
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This corner condominium at Huntingdon Place features two bedrooms on the main level and an upper loft that can serve as an office, playroom, additional living area, or third bedroom. The interior includes an open kitchen, dining, and living arrangement, along with granite counters, extensive cabinetry, an island with breakfast seating, and a two-story living room ceiling. The primary suite has two walk-in closets and a private bathroom with dual sinks, a separate shower, and a soaking tub. Two sliding-door openings connect the living area with private balconies.
Building amenities include a staffed lobby operating 24 hours, an indoor pool, fitness center, community room, covered parking garage, courtyard guest parking, and a walking path beside the pond. Association dues cover water and gas. The property was built in 2011 and is located near shopping, dining, and daily conveniences with access to the city.
Building amenities include a staffed lobby operating 24 hours, an indoor pool, fitness center, community room, covered parking garage, courtyard guest parking, and a walking path beside the pond. Association dues cover water and gas. The property was built in 2011 and is located near shopping, dining, and daily conveniences with access to the city.
Key Highlights
- Two‑bedroom corner condominium with an upper‑level loft
- Loft can accommodate a third bedroom, office, playroom, or additional living space
- Open kitchen, dining, and living area with granite counters and center island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,320
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,400
$406.4K
Cap Rate 7%
$290,286
$290.3K
Cap Rate 9%
$225,778
$225.8K
Market Conditions
NOI Build-Up for 1,504 SF
Gross rent
$39.3K $26.16/SF
− Vacancy
−$2.4K −$1.60/SF
EGI
$36.9K $24.56/SF
− OpEx
−$16.6K −$11.05/SF
NOI
$20.3K $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%
$406,400
Cap Rate 7%
$290,286
Cap Rate 9%
$225,778
Alternative Uses
Best Use
Apartment 5plus
$290.3K
$254.0K – $338.7K
NOI $20,320 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$865.1K
$757.0K – $1.01M
NOI $60,558 @ 7.0% cap · market cap 13.46%
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
$518,500
Median Home Value
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Market
Average Price Trend$/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 - Corner condominium with two bedrooms, flexible loft space, private balconies, and shared building amenities.
Where is this residential income property located?
The property is located at 576 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‑bedroom corner condominium with an upper‑level loft; Loft can accommodate a third bedroom, office, playroom, or additional living space; Open kitchen, dining, and living area with granite counters and center island
