530-514-530 GRAVEL PIKE Active Save Request In-Person Tour Request Virtual Tour
Collegeville,PA 19426
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 10,580 sqft
Price per Sqft $278
MLS Listing ID PAMC2138328
Originating Board BRIGHT
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 Five Or More Units
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+
Interior
Hot Water Electric,Natural Gas
Cooling Central A/C
Flooring Luxury Vinyl Plank,Carpet
Inclusions Washers, Dryers, and Refrigerators in all units
Heat Source Natural Gas,Oil
Exterior
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
Road Frontage State
Total Parking Spaces 30
Garage N
Building
Lot Description Flood Plain,Stream/Creek
Foundation Block
Sewer Public Sewer
Water Well-Shared
New Construction N
Schools
Elementary Schools Evergreen
Middle Schools Perkiomen Valley Middle School East
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