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Residential Income Property with Elevator
For Sale
$375,000

6 CHAMOND, Devon, PA 19333

A single-level, two-bedroom residence includes private garage parking, two outdoor terraces, and access to a gated community clubhouse and pool.

Property Size1,272 SF
Days on Market8

Property Features for 6 CHAMOND

General Information

Standard status Active
Size 1,272 SF
Total Parking Spaces 2
Elevators Yes
Property subtype Penthouse Unit/Flat/Apartment

Units

Unit Mix 2BR/2BA
Multifamily Units 1

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $5,898

Amenities

club house
pool
gated community
guest suites
party/meeting room

Building Details

Building Size 1,272 SF
Year Built 1974
Listing Agency: BHHS Fox & Roach Wayne-Devon
Listed By: Megan A McGowan · License #RS275508
Source: Lizclarkrealestate
Added: Oct 2 Changed: Oct 6 Last Checked: Oct 7 at 3:38PM

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 BHHS Fox & Roach Wayne-Devon

Investment Insights

Based on property information with market context.

This two-bedroom, two-bath residence offers single-level living, with an elevator opening directly into the home. Interior features include a living room with a fireplace, a separate dining area, an eat-in kitchen, and large bedrooms with generous closet space. Front and rear balconies or terraces extend the living area outdoors. The sale includes two private garage spaces and a storage closet. Recent updates include fresh paint and new carpeting.

The residence is within a gated community in Devon, with gate attendants on duty around the clock. Shared amenities include a clubhouse with two terraces, a pool, and landscaped grounds spanning 15 acres. Three guest suites and a party or meeting room with a catering kitchen are also available in the clubhouse. SEPTA service is accessible at the Devon and Berwyn stations, and the property is near local shops, restaurants, Devon Yards, and the Devon Horse Show.

Key Highlights

  • Two‑bedroom, two‑bath residence with single‑level layout
  • Elevator opens directly into the home
  • Two private garage spaces and a storage closet included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$13,793
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,860 $275.9K
Cap Rate 7%
$197,043 $197.0K
Cap Rate 9%
$153,256 $153.3K
Market Conditions
NOI Build-Up for 1,272 SF
Gross rent
$27.2K $21.36/SF
− Vacancy
−$2.1K −$1.64/SF
EGI
$25.1K $19.72/SF
− OpEx
−$11.3K −$8.87/SF
NOI
$13.8K $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%
$275,860
Cap Rate 7%
$197,043
Cap Rate 9%
$153,256

Alternative Uses

Best Use
Apartment 5plus
$197.0K
$172.4K – $229.9K (±1% cap)
NOI $13,793 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$385.7K
$337.5K – $449.9K (±1% cap)
NOI $26,996 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Pharmacy Law Firm Restaurant Parking Lot & Garage Big Box & Wholesale Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

194
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential income property - A single-level, two-bedroom residence includes private garage parking, two outdoor terraces, and access to a gated community clubhouse and pool.
Where is this residential income property located?
The property is located at 6 CHAMOND Devon, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residence with single‑level layout; Elevator opens directly into the home; Two private garage spaces and a storage closet included
More about this property
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