Patterson-Schwartz Real Estate514-530 Gravel Pike, Collegeville, PA 19426-1834 $2,950,000
Interior Sq. Ft: 10,580
Acreage: 2.81
Age:85 years
Taxes: $17,192
Design/Type:
Detached
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 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.
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
High School: Perkiomen Valley
Features
Water
Water Oriented: Yes; Water Front: Yes; Water Access: No; Water Body Type: Creek; Navigable: No;
Utilities
90% Forced Air, Baseboard - Hot Water Heating, Central Heating, Natural Gas, Oil, Central A/C, Electric, Hot Water - Electric, Hot Water - Natural Gas, Well-Shared, Public Sewer, 100 Amp Service, Above Ground, Cable TV, Electric Available, Natural Gas Available, Sewer Available
Garage/Parking
Parking Lot, Private Parking
Interior
Full Basement, Carpet Flooring, Luxury Vinyl Plank Flooring, Dry Wall, Replacement Windows, Double Hung Windows, Sliding Glass Doors
Exterior
Block Foundation, Asphalt Roof, Shingle Roof, Stucco Exterior, Deck(s), Patio(s), Exterior Lighting, Outbuilding(s), Sport Court
Lot
Flood Plain, Stream/Creek, Water View, Black Top Road
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 410-392-6500
Listing Courtesy of: BHHS Fox & Roach Wayne-Devon , (610) 651-2700
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Listing data as of 6/13/2025.
