55+ Residential Income
For Sale
$309,900
Pending
600 HARVIN WAY Unit 632, Brookhaven, PA 19015
The residence offers an open kitchen and living area, a private balcony, and access to shared community amenities.
Property Size1,500 SF
Days on Market38
Property Features for 600 HARVIN WAY Unit 632
General Information
Standard status
Pending
Size
1,500 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,746
Amenities
courtyard
grills
gazebos
dog park
private balcony
Building Details
Building Size
1,500 SF
Year Built
2022
Listing Agency:
Keller Williams Real Estate - Media
Listed By:
Brooke May-Lynch · License #RS329960
(610) 500-9516
Source:
Desantis-realestate
Added: Sep 28
Changed: Nov 2
Last Checked: Nov 3 at 6:42AM
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 Real Estate - Media
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Investment Insights
Based on property information with market context.
Built in 2022, this 1,500-square-foot residence is part of a 55+ community. The interior has an open kitchen and living area, two bedrooms, and a third room that can serve as an office or den. The primary suite includes a walk-in closet and a bathroom with a tiled shower, bench, glass doors, and double vanity. A second full bathroom and an in-unit laundry area complete the layout. The living room opens to a private balcony with an adjoining storage area.
Shared amenities include a courtyard with grills and gazebos, a dog park, and a gate intended to limit through traffic on one side of the community.
Shared amenities include a courtyard with grills and gazebos, a dog park, and a gate intended to limit through traffic on one side of the community.
Key Highlights
- 1,500 square feet in a 55+ community
- Built in 2022
- Two bedrooms plus a third room suitable for use as an office or den
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,037
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,740
$300.7K
Cap Rate 7%
$214,814
$214.8K
Cap Rate 9%
$167,078
$167.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$31.7K $21.12/SF
− Vacancy
−$4.3K −$2.89/SF
EGI
$27.3K $18.23/SF
− OpEx
−$12.3K −$8.20/SF
NOI
$15.0K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,740
Cap Rate 7%
$214,814
Cap Rate 9%
$167,078
Alternative Uses
Best Use
Apartment 5plus
$214.8K
$188.0K – $250.6K
NOI $15,037 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.8K
$397.9K – $530.6K
NOI $31,835 @ 7.0% cap · market cap 10.27%
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
504
Businesses Nearby
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Business Placement
Demographics for 19015, PA
16,260
Population
7,160
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
2.9 sq mi
ZIP Area
5,607
Density / Sq Mi
$84,783
Median Household Income
$49,480
Median Earnings
$1,170
Median Rent
$232,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence offers an open kitchen and living area, a private balcony, and access to shared community amenities.
Where is this residential income property located?
The property is located at 600 HARVIN WAY Unit 632 Brookhaven, PA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 1,500 square feet in a 55+ community; Built in 2022; Two bedrooms plus a third room suitable for use as an office or den
