Residential Income Property with
For Sale
$249,900
712 PAINTERS Unit 712, Chadds Ford, PA 19317
Top-floor condominium with three bedrooms, two bathrooms, and access to community recreation amenities.
Property Size1,138 SF
Price / SF$219.60
Days on Market28
Property Features for 712 PAINTERS Unit 712
General Information
Standard status
Active
Size
1,138 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,739
Building Details
Building Size
1,138 SF
Year Built
1972
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Sep 30
Changed: Oct 27
Last Checked: Oct 27 at 3:55AM
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 Realty
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Investment Insights
Based on property information with market context.
This 1,138-square-foot top-floor condominium was built in 1972 and has three bedrooms and two full bathrooms. The living room includes a fireplace and sliding doors to a balcony; a separate dining area connects to a kitchen with stainless steel appliances, a dishwasher, and a built-in microwave. Laundry space adjoins the kitchen. The primary bedroom has two closets, an en-suite bathroom, and a second balcony. Two additional bedrooms share a hall bathroom.
Community amenities include an outdoor pool, walking trails, a playground, and tennis and basketball courts. The property is within the Unionville-Chadds Ford School District and near Whole Foods, Wegman's, Longwood Gardens, Brinton Lake, Glen Eagle, Concordville Town Centre, and downtown West Chester. Routes 1, 202, and 322 and I-95 are accessible from the area.
Community amenities include an outdoor pool, walking trails, a playground, and tennis and basketball courts. The property is within the Unionville-Chadds Ford School District and near Whole Foods, Wegman's, Longwood Gardens, Brinton Lake, Glen Eagle, Concordville Town Centre, and downtown West Chester. Routes 1, 202, and 322 and I-95 are accessible from the area.
Key Highlights
- 1,138‑square‑foot, top‑floor condominium with 3 bedrooms and 2 full bathrooms
- Living room fireplace and balcony access; primary bedroom also opens to a balcony
- Kitchen includes stainless steel appliances, dishwasher, and built‑in microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,408
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,160
$228.2K
Cap Rate 7%
$162,971
$163.0K
Cap Rate 9%
$126,756
$126.8K
Market Conditions
NOI Build-Up for 1,138 SF
Gross rent
$24.0K $21.12/SF
− Vacancy
−$3.3K −$2.89/SF
EGI
$20.7K $18.23/SF
− OpEx
−$9.3K −$8.20/SF
NOI
$11.4K $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%
$228,160
Cap Rate 7%
$162,971
Cap Rate 9%
$126,756
Alternative Uses
Best Use
Apartment 5plus
$163.0K
$142.6K – $190.1K
NOI $11,408 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.0K
$301.9K – $402.5K
NOI $24,152 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
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Business Placement
Demographics for 19317, PA
10,714
Population
4,212
Households
2.5
Avg Household Size
45
Median Age
69%
College-Educated
97%
High-School Grad
21.8 sq mi
ZIP Area
491
Density / Sq Mi
$154,933
Median Household Income
$82,454
Median Earnings
$2,003
Median Rent
$588,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor condominium with three bedrooms, two bathrooms, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 712 PAINTERS Unit 712 Chadds Ford, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,138‑square‑foot, top‑floor condominium with 3 bedrooms and 2 full bathrooms; Living room fireplace and balcony access; primary bedroom also opens to a balcony; Kitchen includes stainless steel appliances, dishwasher, and built‑in microwave
