Bungalow, Cabin/Lodge, Cottage, Side-by-Side, Other
514-530 GRAVEL PIKE
COLLEGEVILLE , PA 19426
MLS#: PAMC2141186
$2,950,000
Property
Beds
25
Full Baths
None
1/2 Baths
None
Year Built
1940
Sq.Footage
10,580
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 Schools 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.
Features & Amenities
Interior
-
Total Bedrooms
25
-
Bathrooms
N/A
-
Above Grade Finished Area
10580.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Natural Gas, Oil, Central, Forced Air, Baseboard
Exterior
-
Garage
No
-
Construction Materials
Stucco
-
Other Exterior Features
Lighting
-
Parking
Private, Parking Lot
-
Patio and Porch Features
Deck, Patio
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
YES
-
View
Water
Area & Lot
-
Lot Features
Waterfront
-
Lot Size(acres)
2.81
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Bungalow, Cabin/Lodge, Cottage, Side-by-Side, Other
Price
-
Sales Price
$2,950,000
-
Tax Amount
17192.0
-
Sq. Footage
10, 580
-
Price/SqFt
$278
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
PERKIOMEN VALLEY
Property Features
-
Stories
2
-
Association Amenities
Sport Court
-
Foundation Details
Block
-
Sewer
Public Sewer
-
Tax Lot
21
-
Water Source
Shared Well
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Location
County
MONTGOMERY
Elementary School
Middle School
High School
PERKIOMEN VALLEY
Listing Courtesy of Robert Kline , BHHS Fox & Roach Wayne-Devon
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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