Collegeville, PA 19426,514-530 GRAVEL PIKE
Collegeville, PA 19426,514-530 GRAVEL PIKE
Collegeville, PA 19426,514-530 GRAVEL PIKE
Collegeville, PA 19426,514-530 GRAVEL PIKE
Collegeville, PA 19426,514-530 GRAVEL PIKE
Collegeville, PA 19426,514-530 GRAVEL PIKE
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Listed by Robert Kline • BHHS Fox & Roach Wayne-Devon
$ 2,950,000
Est. payment | /mo

10,580 SqFt


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$ 2,950,000
Est. payment | /mo
Save

10,580 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 10,580 sqft

Price per Sqft $278

MLS Listing ID PAMC2141186

Style Bungalow,Cabin/Lodge,Cottage,Side-by-Side,Other

Abv Grd Liv Area 10,580

Year Built 1940

Annual Tax Amount $17,192

Tax Year 2025

Lot Size 2.810 Acres

Acres 2.81

Lot Dimensions 485 ft frontage

Property Sub-Type Detached

Source BRIGHT

Property Description

Welcome to Perkiomen Creek Village - a cluster of cottage homes and apartments located on the banks of the Perkiomen Creek. This enclave consists of 12 units within 8 buildings situated on 2.81 acres. This highly desirable and popular village is 100% leased and is sought after by potential tenants who enjoy the the Perkiomen Trail, either on foot or on the water, and those familiar with Perkiomen Valley High School located just across Gravel Pike. The complex consists of 6 singles, a Twin/Duplex and a 4 unit main House. All units are separately metered with 100 amp electric, Gas heat & Hot water(1 unit has oil heat & 4 units have electric Hot water) . The 6 Single homes were all totally Renovated in 2023 with finishes that include Granite Counters, S/S Appliances, new cabinets, LVP flooring & new HVAC w/ C/A. Both Twin/Duplex units are scheduled to be repainted and LVP to be installed (June 2025). All units include a Washer, Dryer, Dishwasher, Gas Range and Refrigerator. All Cottages, Waterfront House, and Twin/Duplex have private basements. Quad has a shared basement. All units are Public Sewer and On-Site well water.
Highly desirable rental community, always a waiting list, with private access to the Perkiomen Trail. Conveniently Located across From PV High School with school district bus pickup in front of the property. There is so much more than just cap rates to consider with this opportunity, many of the units are still rented below market rents! Minimal deferred maintenance required.

Location

State PA

County Montgomery

Area Perkiomen Twp (10648)

Zoning 1140 APT: CONVERSION 5+

Rooms

Basement Daylight, Full

Interior

Hot Water Electric, Natural Gas

Cooling Central A/C

Flooring Luxury Vinyl Plank, Carpet

Fireplaces Number 1

Inclusions Washers, Dryers, and Refrigerators in all units

Equipment Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater

Fireplace Y

Window Features Double Hung,Replacement

Appliance Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater

Heat Source Natural Gas, Oil

Exterior

Exterior Feature Deck(s), Patio(s)

Garage Spaces 30.0

Utilities Available Above Ground, Cable TV, Electric Available, Natural Gas Available, Sewer Available

Water Access N

View Water

Roof Type Asphalt,Shingle

Street Surface Black Top

Accessibility None

Porch Deck(s), Patio(s)

Road Frontage State

Total Parking Spaces 30

Garage N

Building

Lot Description Flood Plain, Stream/Creek

Foundation Block

Sewer Public Sewer

Water Well-Shared

Architectural Style Bungalow, Cabin/Lodge, Cottage, Side-by-Side, Other

Additional Building Above Grade

Structure Type Dry Wall

New Construction N

Schools

High Schools Perkiomen Valley

School District Perkiomen Valley

Others

Tax ID 48-00-00898-008

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional, Cash, Exchange, Other

Listing Terms Conventional, Cash, Exchange, Other

Financing Conventional,Cash,Exchange,Other

Special Listing Condition Standard

Bright MLS (BMLS)
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514-530 GRAVEL PIKE