Building Details

Building Size 1,493 SF

Year Built 2009

Listing Agency: Keller Williams Realty

Listed By: Desantis Real Estate Team · License #342628 Show Phone

Source: Desantis-realestate

Added: Oct 3 Changed: Oct 27 Last Checked: Oct 27 at 3:21AM

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Investment Insights

Based on property information with market context.

This 1,493-square-foot, top-floor condo was built in 2009 and contains two bedrooms and two full bathrooms. Hardwood flooring runs through the living room, dining room, and kitchen. The eat-in kitchen has 42-inch light wood cabinetry and stainless steel appliances, while the dining room features a tray ceiling and millwork. Sliding doors connect the living room to a private balcony. The primary suite includes a walk-in closet, dual-vanity bath, and soaking tub; additional features include a laundry room with utility sink and abundant closet space.

The residence is part of a gated 55+ community with indoor and outdoor pools, a fitness center, hot tub, saunas, billiards room, library, ballroom, and card rooms. Community programming includes classes, trips, lectures, and social events. Deeded underground parking and a storage locker are situated near the elevator.

Key Highlights

• 1,493‑square‑foot top‑floor condo with two bedrooms and two full bathrooms
• Private balcony accessed through sliding doors in the living room
• Deeded underground parking and storage locker near the elevator

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,171

Cap Rate

4.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$403,420 $403.4K

Cap Rate 7%

$288,157 $288.2K

Cap Rate 9%

$224,122 $224.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,493 SF

Gross rent

$39.1K $26.16/SF

− Vacancy

−$2.4K −$1.60/SF

EGI

$36.7K $24.56/SF

− OpEx

−$16.5K −$11.05/SF

NOI

$20.2K $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%

$403,420

Cap Rate 7%

$288,157

Cap Rate 9%

$224,122

Alternative Uses

Best Use

Apartment 5plus

$288.2K

$252.1K – $336.2K (±1% cap)

NOI $20,171 @ 7.0% cap · market cap 4.75%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$858.8K

$751.4K – $1.00M (±1% cap)

NOI $60,115 @ 7.0% cap · market cap 14.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

175

Businesses Nearby

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Demographics for 19446, PA

58,930

Population

24,983

Households

2.4

Avg Household Size

44

Median Age

51%

College-Educated

93%

High-School Grad

22.6 sq mi

ZIP Area

2,608

Density / Sq Mi

$103,875

Median Household Income

$60,396

Median Earnings

$1,738

Median Rent

$415,400

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - A top-floor home in a gated 55+ community includes deeded underground parking and a storage locker near the elevator.

Where is this residential income property located?

The property is located at 6406 LILAC COURT Upper Gwynedd, PA.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 1,493‑square‑foot top‑floor condo with two bedrooms and two full bathrooms; Private balcony accessed through sliding doors in the living room; Deeded underground parking and storage locker near the elevator